Tibco Software is one big mover, as the company is up 3.4 percent to $24.61. This bodes well for the coming year, and CEO Vivek Ranadive is optimistic for the future.
As companies make a push towards cloud computing, Ranadive expects 2012 to be “robust,” writes Investors.com.
Tibco provides electronic business infrastructure software products that enable business-to-business, business-to-consumer, and business-to-employee solutions. The company's software products enable businesses to link internal operations, business partners, and customer channels in real time.
IBD spoke with Ranadive on the future of the cloud, and Ranadive feels that cloud vendors will see growth in Europe and other emerging markets.
As for the global economy, there “will be an upswing in the U.S. and in Asia, and there will start to be an upswing in Europe in the later part of the year,” says Ranadive.
For Tibco, total revenue for the fourth quarter of fiscal 2011 was $289.5 million and net income was $51.9 million, or $0.30 per diluted share. This compares to total revenue of $241.2 million and net income of $37.5 million, or $0.22 per diluted share, as reported for the fourth quarter of fiscal 2010.
“Tibco delivered another strong year of accelerating revenue growth and expanded profitability in 2011,” said Ranadive in a press release. “As we turn to 2012, we will focus on expanding our sales coverage, extending our event-driven platform, and continuing to broaden the range of industries we serve. Our offerings and the demands of the 21st century enterprise have never been better aligned.”
As for trends of 2012, Ranadive told IBD the future lies in real-time event architecture.
“In the old architecture, everything was stored in a database. The amount of data is going up so fast, and the useful life of that data is coming down very fast. You don't have the time to look for (the data we need) in a database. Moving to a real-time bus architecture of the kind provided by Tibco is quietly becoming the biggest force in the enterprise,” he said.
Michelle Amodio is a TechZone360 contributor. She has helped promote companies and groups in all industries, from technology to banking to professional roller derby. She holds a bachelor's degree in Writing from Endicott College and currently works in marketing, journalism, and public relations as a freelancer.Edited by
Rich Steeves
