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TIBX CEO Addresses Stock Performance, Growth Activists and the NBA

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TIBX CEO Addresses Stock Performance, Growth Activists and the NBA

TIBX CEO Addresses Stock Performance, Growth Activists and the NBA
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TIBX CEO Addresses Stock Performance, Growth Activists and the NBA

by TheStreet 4:26 mins

TIBCO Software had strong growth in core infrastructure business, despite Q2 earnings and soft Q3 guidance, CEO Vivek Ranadivé explains. The slow down came from Spotfire and TIBX is making adjustments to correct that. He fully expects results to show in the next six to nine months as these changes are made. TheStreet's Jill Malandrino points out investors are concerned about performance and execution as a handful of activists have pointed out. Ranadivé says TIBX has been here before and turned the stock price around, although the company looks at all opportunities and what is best for shareholders, Ultimately, the main focus is product and finding ways to expand market share.

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