Operating income grew 61% to $9.23m, while diluted EPS remained flat at $0.3. The company closed 66 deals over $100,000 and had 11 deals over $1m. It said license revenue fell 22% at $44.84m, while services and maintenance revenue fell 1% at $88.04m.

Vivek Ranadive, chairman and chief executive at Tibco, said: "Despite macroeconomic headwinds and typical Q1 seasonality, we delivered strong operating profits and EPS this quarter. We continue to see opportunity ahead as companies look increasingly towards infrastructure software to drive greater IT efficiency, but we are also managing our business carefully so as to protect margins and returns to shareholders."

A service of YellowBrix, Inc.