UPDATE 2-Tibco Q1 profit beats Street, sees in-line Q2 earnings
* Q1 adj EPS $0.09 vs est of $0.08
* Q1 rev misses estimates
* Q2 sales view misses estimates
* Sees Q2 adj EPS $0.08-$0.09 vs est of $0.08 (Adds conference call details)
BANGALORE, March 26 (Reuters) - Business software maker Tibco Software Inc TIBX.O reported quarterly earnings that edged past Wall Street targets, helped by lower expenses, and it forecast second-quarter profit largely in line with market estimates.
Tibco sees second-quarter revenue of $138 million to $143 million, assuming a foreign exchange impact of about 5 percent to 7 percent, a company executive said on a conference call with analysts.
Analysts were looking for revenue of $145.8 million, according to Reuters Estimates.
For the second quarter, the company sees earnings of 3 cents to 4 cents a share. Excluding items, it sees earnings of 8 cents to 9 cents. [ID:nWNAB7886]
"...we see a strengthening pipeline and stabilizing budgets at most customers, with 11 deals in first quarter at or above a million dollars," Chief Operating Officer Murray Rode said. Continuación...