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TIBCO Software Inc. Reports Operating Results (10-K)
Posted by: gurufocus (IP Logged)
Date: January 30, 2012 04:44PM

TIBCO Software Inc. (TIBX) filed Annual Report for the period ended 2011-11-30. Tibco Software Inc. has a market cap of $4.33 billion; its shares were traded at around $26.25 with a P/E ratio of 32.41 and P/S ratio of 4.71. Tibco Software Inc. had an annual average earning growth of 23.5% over the past 5 years.



Highlight of Business Operations:

For the fiscal year ended November 30, 2011, we recorded total revenue of $920.2 million, an increase of 22% over fiscal year 2010. License revenue was $377.6 million, an increase of 25% over the previous year. In addition, we generated cash flow from operations of $208.0 million, for an increase of 40% year-over-year. Diluted earnings per share under generally accepted accounting principles in the United States of America (“GAAP”) was $0.65 in fiscal year 2011 as compared to $0.46 for the fiscal year 2010 for an increase of 41%. We ended the fiscal year 2011 with $308.4 million in cash, cash equivalents and short-term investments, while also having spent approximately $194.1 million to repurchase shares of our common stock during the fiscal year.

Total revenue in fiscal year 2011 compared to fiscal year 2010 increased by $166.2 million or 22%. The increase was primarily due to a $76.1 million or 25% increase in license revenue and a $90.2 million or 20% increase in service and maintenance revenue. Geographically, we experienced growth in total revenue from all regions in fiscal year 2011. Our total revenue increased by $96.7 million or 24% in Americas, $52.0 million or 19% in EMEA and $17.6 million or 25% in APJ in fiscal year 2011. See Note 21 to our Consolidated Financial Statements included in this Annual Report on Form 10-K for further details on total revenue by region.

Total revenue in fiscal year 2010 compared to fiscal year 2009 increased by $132.6 million or 21%. The increase was primarily due to a $54.3 million or 22% increase in license revenue and a $78.3 million or 21% increase in service and maintenance revenue. Geographically, we experienced growth in total revenue from the Americas and APJ in fiscal year 2010. Our total revenue increased by $92.9 million or 29% in Americas, $17.6 million or 7% in EMEA and $22.2 million or 45% in the APJ in fiscal year 2010.

We license a wide range of products to customers in various industries and geographic regions. License revenue increased by $76.1 million or 25% in fiscal year 2011 compared to fiscal year 2010. The increase consisted of a $25.4 million increase in SOA and core infrastructure, a $42.1 million increase in business optimization and an $8.5 million increase in process automation and collaboration. License revenue increased by $54.3 million or 22% in fiscal year 2010 compared to fiscal year 2009. The increase consisted of a $32.8 million increase in SOA and core infrastructure, a $19.5 million increase in business optimization and a $2.0 million increase in process automation and collaboration.

year 2010 resulted primarily from an increase of $28.7 million in employee-related expenses, an increase of $11.3 million in subcontractors costs, an increase of $3.8 million in travel expenses, an increase of $3.7 million in facilities expenses and an increase of $1.5 million in cost of services. Increased employee-related expenses were primarily due to an increase in professional services and customer support staff. Increased subcontractors costs were also directly related to increased service revenue in fiscal year 2011. The $31.7 million or 24% increase in fiscal year 2010 compared to fiscal year 2009 resulted primarily from an increase of $19.5 million in employee-related expenses, an increase of $6.9 million in subcontractors costs, an increase of $3.8 million in travel expenses and an increase of $1.0 million in facilities expenses. Increased employee-related expenses were primarily due to an increase in professional services and customer support staff. Increased subcontractors costs were also directly related to increased service revenue in fiscal year 2010.

Read the The complete Report



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