PALO ALTO, Calif., December 21, 2005 – TIBCO Software Inc. (Nasdaq:TIBX), a leading business integration and process management software company that enables real-time business, today announced results for its fourth fiscal quarter and year ended November 30, 2005. Total revenues for the fourth quarter were $134.4 million. License revenues for the fourth quarter were $66.8 million. Fiscal year 2005 revenues were $445.9 million. Net income for
the quarter calculated in accordance with generally accepted accounting principles was $26.6 million or $0.12 per share on a fully diluted basis.
TIBCO had non-GAAP net income for the fourth fiscal quarter of $21.8 million and $53.3 million for the year. TIBCO’s non-GAAP net income per share on a fully diluted basis was $0.10 per share for the quarter and $0.24 for the year. Non-GAAP results exclude stock-based compensation charges, restructuring charges and amortization of acquired intangibles and assume a non-GAAP effective tax rate of 38%.
"With a record quarter of revenue, we have given a strong finish to the year and created good momentum for Fiscal 2006," said Vivek Ranadivé, Chairman and CEO of TIBCO Software. "I believe the current strength and leadership of our products in the areas of SOA, BPM and Predictive Analytics, coupled with our continued focus on their evolution, positions us well to take advantage of the growing importance of and opportunity for infrastructure software." Highlights for TIBCO's Third Fiscal Quarter of 2005 During Q4, TIBCO added 89 new customers and made significant sales to both new and existing customers, including Union Pacific Railroad, Embratel Group, Seagate Technology, Inc., Harvard Pilgrim Health Care and Allstate Insurance Company.
Stock Repurchase Program
TIBCO's Board of Directors has approved an eighteen-month stock repurchase program pursuant to which TIBCO may repurchase up to $100 million of its outstanding common stock from time to time on the open market or through privately negotiated transactions. The timing and amount of any repurchases will depend upon market conditions and other corporate considerations.