Total revenue for the fourth quarter of fiscal 2006 was $161 million and net income was $31.5 million, or $0.14 per diluted share. This compares to total revenue of $134.4 million and net income of $26.6 million, or $0.12 per diluted share, as reported for the fourth quarter of fiscal 2005. Net income includes employee stock-based compensation expense due to SFAS 123 of $4.1 million for the fourth quarter of fiscal 2006. Net income prior to fiscal 2006 did not include employee stock-based compensation expense related to SFAS 123.

On a non-GAAP basis, net income for the fourth quarter of fiscal 2006 was $29.8 million or $0.14 per diluted share, compared with $21.8 million or $0.10 per diluted share for the fourth quarter of fiscal 2005. Non-GAAP operating income for the fourth quarter of fiscal 2006 was $43 million, resulting in non-GAAP operating margins of 26.7%. This compares to non-GAAP operating income of $33.3 million, or 24.7% in the fourth quarter of fiscal 2005. Non- GAAP results exclude stock-based compensation expense, amortization of acquired intangible assets, restructuring charges and gains on sales of certain equity investments, and assume a non-GAAP effective tax rate of 37% for fiscal 2006 and 38% for fiscal 2005.

"We finished the year strong, delivering significant new product releases to the market and demonstrating solid execution across the board," said Vivek Ranadive, Tibco's chairman and chief executive officer. "I am very confident in our leadership position in the market as we head into 2007. The continued demand for our products and services is a direct reflection of our vision and commitment to evolving our platform to help customers solve their toughest challenges."

Fourth Quarter Fiscal 2006 Highlights

• Tibco closed 112 deals over $100k and 21 deals over $1 million this quarter;
• Continued strength across all geographies and product lines; and
• Tibco added 74 new customers in Q4 and also expanded its business with leadding companies such as Air France-KLM, American Stock Exchange, Beckman Coulter, The Carphone Warehouse, Circuit City, Citi Consumer Bank Asia, Constellation Energy, Sun International Management, and Toyota Financial Services.

Stock Repurchase Program

Tibco is also announcing the approval of an eighteen-month stock repurchase program pursuant to which it may repurchase up to $100 million of its outstanding common stock from time to time in the open market or through privately negotiated transactions. The timing and amount of any repurchases will depend upon market conditions and other corporate considerations.