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Tibco exceeds 4Q forecasts

    Tibco Software (Nasdaq: TIBX) beat fourth quarter estimates.

    After market close Tuesday, the business software vendor reported fiscal fourth quarter net income of $22 million, or 10 cents per share, excluding special charges. First Call's survey of 15 analysts predicted a profit of 8 cents per share for the quarter ended Nov. 30.

    Shares of Tibco traded at 45.5 in afterhours activity on the Island electronics communication network, following the release of quarterly results. Tibco fell 5.4375 to 44.3125 in Tuesday's regular trading ahead of the earnings report.

    Including charges for stock compensation, goodwill, equity investments and acquired in-process R&D, Tibco lost $18.8 million, or 10 cents per share.

    Fourth quarter revenue increased 166 percent year-over-year and 22 percent sequentially to $89 million, including $68 million from license fees.

    "In fiscal 2000, we significantly increased our lead over competitors, doubled our customer base and achieved financial results ahead of schedule," said Vivek Ranadive, chairman and CEO.

    For the full fiscal 2000, Tibco lost $25 million, or 14 cents per share, on revenue of $252 million. That loss figure includes all charges.>