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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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Thank you.

Operator

And next we’ll go to Nabil Elsheshai with Pacific Crest Securities.

Nabil Elsheshai - Pacific Crest Securities

Real quick, I was wondering if you could provide the revenue from the installed base versus new customers.

Murray Rode

We didn’t but it was very typical to past quarters, it’s over two thirds of the revenue is from existing customers.

Nabil Elsheshai - Pacific Crest Securities

Okay and then stepping back looking at Spotfire in particular and cross sell, can you comment on success you’ve had in taking that into your installed base and then maybe with some of the efforts to create more synergistic products where you can do joint sales or cross sales.

Murray Rode

We have made some progress there. We still think there’s a lot of opportunity in terms of the cross sell. We saw some good transactions during the quarter and we were pleased with that but generally cross selling is still a big opportunity in our view and I think as far as joint products go, that continues to be a focus as we go forward. As you know we created the Operational Analytics offering a little while ago. We’re starting now to integrate Spotfire more with BPM and I think over time you’ll continue to see us leveraging Spotfire with other elements of the platform.

Vivek Ranadive

But I would say Murray it would be fair to say that even this last quarter we saw a significant jump from a year ago in terms of what we’re seeing with cross selling but there’s a lot more we can do.

Murray Rode

Right.

Nabil Elsheshai - Pacific Crest Securities

Thank you.

Operator

And next we’ll go to Brent Williams with Benchmark.

Brent Williams - The Benchmark Company
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