September 24, 2009 / 8:43 PM / 9 years ago

UPDATE 1-Tibco Q3 profit beats expectations, shares rise

* Q3 shr $0.13 vs $0.11 estimates

* Q3 rev $150.3 mln vs $144.6 mln estimates

* Shares up 10 pct in after-hours trade

Sept 24 (Reuters) - Business software maker Tibco Software Inc TIBX.O posted higher quarterly profit, which beat analysts’ expectations, helped by lower expenses, sending its shares up 10 percent in trading after the bell.

For the third quarter ended Aug. 30, the company earned $14.9 million, or 9 cents a share, compared with $11.1 million, or 6 cents a share, in the year-ago period.

Excluding items, earnings were 13 cents a share.

Revenue fell about 7 percent to $150.3 million.

Analysts were expecting earning of 11 cents a share, before items, on revenue of $144.6 million, according to Reuters Estimates.

“Looking forward, we are well-positioned to benefit from the accelerating shift away from database-centric architectures designed to handle transactions and towards bus-based architectures designed to handle events,” Chief Executive Vivek Ranadive said in a statement.

Palo Alto, California-based Tibco makes programs that help computer systems communicate with each other and quickly analyze vast amounts of data. Competitors include IBM Corp (IBM.N), Oracle ORCL.O, SAP AG and Sun Microsystems JAVA.O. (Reporting by Sudipto Ganguly in Bangalore; Editing by Anil D’Silva)

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