Total revenues for the first quarter were $114.6 million. License revenues for the first quarter were $48.1 million.

Net income for the first quarter of fiscal 2006, on a generally accepted accounting principles (GAAP) basis, was $5.6 million or $0.03 per share on a fully diluted basis and includes stock-based compensation expense of $4.6 million due to the implementation of SFAS 123(R). Net income on a GAAP basis prior to fiscal 2006 did not include employee stock-based compensation expense related to SFAS 123(R).

Non-GAAP net income for the first quarter of fiscal 2006 was $12.6 million or $0.06 per share, compared with $12.7 million or $0.05 per share on a fully diluted basis for the first quarter of fiscal 2005. A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the accompanying financial tables. Non-GAAP results exclude stock based compensation expense and amortization of acquired intangibles and assume a non-GAAP effective tax rate of 39%.

"This was a strong Q1 for TIBCO and a strong start to our fiscal year, especially in the areas of profit and cash flow growth," said Vivek Ranadive, Chairman and CEO of TIBCO Software. "I continue to see a significant opportunity for TIBCO as the foundation for enterprise software shifts from being database-centric to being SOA- and integration-centric."

Highlights for TIBCO's First Quarter of Fiscal 2006

During Q1, TIBCO added 56 new customers and made significant sales to both new and existing customers, including Telecom Italia, Qwest, Devon Canada, Smart & Final, Merrill Lynch and Merck.Download the document now 43.6 kb (Adobe Acrobat Document)