Tibco Software Inc., hit hard by the sluggish economy, reported a net loss triple that of a year earlier. The company, which sells software for integrating business Tibco Software Inc., hit hard by the sluggish economy, reported a net loss triple that of a year earlier. The company, which sells software for integrating business applications, lost $56 million in its second quarter ended May 31, compared with a loss of $17.8 million in the same quarter a year ago. Revenue plummeted to $64.1 million, a 23% drop from a year earlier. CEO Vivek Ranadive blames the poor performance on a slow-moving U.S. economy, customers delaying spending, and lackluster work on the part of the company's sales force.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.