TIBCO: acquired by private equity firm Vista Equity Partners for $4.3 billion in September 2014.
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Cloud platform provider
Tibco Software Inc.’s (TIBX) fiscal first-quarter earnings plunged 54%, “primarily on execution-related” problems, CEO Vivek Ranadive told analysts late Thursday, echoing execution problems that Oracle Corp. ORCL -0.62% (ORCL) reported this week. Problems at Tibco may have been concentrated in the finance sector, where sales were down 8% from a year ago, compared with increases in most other sectors. Managers reviewing performance in weak sectors found “bad leadership and bad execution in those areas,” Mr. Ranadive said. Share were down 17% to $19.16 premarket.
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