Total revenue for the second quarter of fiscal 2009 was $142.7 million, as compared to $150.0 million for the second quarter of fiscal 2008. On a constant currency basis, total revenue for fiscal Q2 grew year over year by approximately 1%. GAAP net income for Q2 was $10.1 million or $0.06 per diluted share, as compared to $3.5 million or $0.02 per diluted share reported for the second quarter of fiscal 2008. Using constant currency, earnings growth for Q2 was not significantly impacted by currency movements.

On a non-GAAP basis, net income for the second quarter of fiscal 2009 was $19.0 million or $0.11 per diluted share, compared with $12.4 million or $0.07 per diluted share for the second quarter of fiscal 2008. Non-GAAP operating income for the second quarter of fiscal 2009 was $27.1 million, resulting in a non-GAAP operating margin of 19%. This compares to non-GAAP operating income of $17.5 million, or a 12% non-GAAP operating margin in the second quarter of fiscal 2008. Non-GAAP results exclude stock-based compensation expense, amortization of acquired intangible assets, and assume a non-GAAP effective tax rate of 32% and 33% for the second quarters of fiscal 2009 and 2008, respectively.

"We are managing our business tightly during the downturn and focused on delivering strong returns, as shown by a 40% annual growth in non-GAAP EPS through the first half of the year," said Vivek Ranadive, TIBCO's chairman and chief executive officer. "At the same time, we continue to innovate by investing in our core product lines and moving aggressively into emerging sectors such as cloud computing, as highlighted by our release this quarter of TIBCO Silver, the industry's first cloud application delivery platform for the enterprise."

Second Quarter Fiscal 2009 Highlights

 --  Total revenue was $142.7 million;      --  License revenue was $50.5 million;      --  Cash flow from operations for the quarter was $42.3 million;      --  Continued strong mix of business across industries including Financial     Services, Telecommunications, Government, Life Sciences, and Energy;      --  TIBCO closed 88 deals over $100k and had 11 deals over $1 million;      --  TIBCO expanded its business with leading companies in Q2 such as     CenturyTel, Chevron Corporation, Cricket Communications, IP Australia, QVC,     Tesco Stores, and World Vision International.      

Conference Call Details

TIBCO has scheduled a conference call for 4:30 pm ET / 1:30 pm PT today to discuss its second quarter results. The conference call will be hosted by Thomson Reuters and may be accessed over the Internet at www.tibco.com or via dial-in at (877) 723-9517 or (719) 325-4791. Please join the conference call at least 10 minutes early to register. A replay of the conference call will be available until midnight on July 25, 2009 at www.tibco.com or via dial-in at (888) 203-1112 or (719) 457-0820. The pass code for both the call and the replay is 2404640.

About TIBCO

TIBCO's technology digitized Wall Street in the '80s with event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now(R). TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at www.tibco.com.

TIBCO, TIBCO Silver, The Power of Now and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

About Non-GAAP Financial Information

This press release includes non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP), please see the section entitled "About Non-GAAP Financial Measures" and the accompanying table entitled "Reconciliation of GAAP to Non-GAAP Measures."

Legal Notice Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. The final financial results for the second quarter of fiscal year 2009 may differ materially from the preliminary results presented in this release due to factors that include, but are not limited to, risks associated with the final review of the results and preparation of financial statements. In addition, forward-looking statements such as statements regarding our ability to manage our business tightly during the downturn are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks include but are not limited to: the current uncertainty in global economic conditions and its effect on the demand for enterprise software and services; and competitive factors, including but not limited to competition from alternative business models, industry consolidation and new product introductions. Additional information regarding potential risks is provided in our filings with the SEC, including our most recent Annual Report on Form 10-K for the year ended November 30, 2008 and Quarterly Report on Form 10-Q for the quarter ended March 1, 2009. TIBCO assumes no obligation to update the forward-looking statements included in this release.

                           TIBCO Software Inc.