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TIBCO Q2 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 1:12 AM ET June 30 2009

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TIBCO second quarter net revenue declined 4.8% to $142.7 million while net income surged 188% to $10.1 million due to lower operating expenses. Earnings per share were 6 cents per share as against 2 cents a year ago.


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Murray you want to comment on that?

Murray Rode

Sure, we continue to see the major systems integrators as important partners for us and they’ve continued to become I think a stronger and stronger ecosystem. With some of these new initiatives we just think there are new opportunities to broaden the relationships with those partners because I think they’re interested in pursuing these same kinds of things, particularly things like cloud computing is a whole new market for the products and a whole new opportunity for a lot of these partnerships.

Yun Kim - Broadpoint AmTech

Okay great thank you so much.

Operator

And next we’ll go to Tim Klasell with Thomas Weisel Partners.

Tim Klasell - Thomas Weisel Partners

Yeah hey good afternoon everybody, just a quick question on the sales and marketing line, the headcount has been, it’s down a little bit but your savings there on that line have been pretty substantial. What are you cutting out? Is it the marketing spend or where are you finding the efficiencies on the sales and marketing line?

Sydney Carey

I think similar to Q1, we’ve had less variable costs, kind of related to the general business and we’ve seen travel, marketing programs, events spending all be lower than last year.

Tim Klasell - Thomas Weisel Partners

Okay good, good, and then sort of getting back to some of the veiled questions around SAP, it’s been a while since NetWeaver was sort of declared let’s say not a good product or failure if you will, and how has your relationship with SAP evolved since that time? Have they come back to the fold and partnering closely with you like they used to or have they stayed fairly distant.

Vivek Ranadive

Well at this point all we can say is that they are a good partner and we can’t comment on it any more than that.

Tim Klasell - Thomas Weisel Partners

Okay, okay fair enough and then one final question. I missed, what was the FX impact that you implied in guidance?

Sydney Carey

Our guidance is a revenue headwind of 5% to 7%.

Tim Klasell - Thomas Weisel Partners
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