Thursday, September 19, 2013

Reuters: Hot Stocks: Tibco revenue rises 6 pct as infrastructure business grows

Reuters: Hot Stocks
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Tibco revenue rises 6 pct as infrastructure business grows
Sep 19th 2013, 20:14

Sept 19 | Thu Sep 19, 2013 4:14pm EDT

Sept 19 (Reuters) - Business software maker Tibco Software Inc reported a 6 percent rise in quarterly revenue due to growth in its infrastructure business, sending its shares up 6 percent in extended trading.

Net income fell to $21.3 million, or 13 cents per share, in the third quarter, from $26.1 million, or 15 cents per share, a year earlier.

Revenue rose to $270.9 million from $255 million a year earlier. (Reporting by Sruthi Ramakrishnan in Bangalore,)

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