TIBCO Software provides Q2 EPS and revenue guidance below consensus (20.79 -0.22)
TIBX provides downside guidance for Q2, sees Non-GAAP EPS of $0.12-$0.13 vs. $0.21 CapIQ Consensus, sees revenue of $250-$252 mln vs. $267.5 mln consensus. License revenue is expected to be in the range of $75 to $76 million.
Co states, "After a solid first quarter, revenue fell short of expectations in the second quarter, primarily due to lower-than-expected sales of Spotfire. We again experienced growth this quarter in our core infrastructure and event processing product revenue, but Spotfire sales were less than anticipated. We have several changes under way that we believe will improve Spotfire performance. We also acquired Jaspersoft this quarter, and while not a meaningful contributor to second quarter revenue, it represents an important addition to our analytics strategy going forward," said Ranadivé."