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Business Description
TIBCO Software, Inc. is engaged in the development and marketing of a suite of software products that enables businesses to link internal operations, business partners and customer channels through the real-time distribution of information. The Company's products are marketed and sold as part of the TIBCO ActiveEnterprise standards-based platform for real-time business. TIBCO ActiveEnterprise is a comprehensive set of solutions comprised of three categories of software: business optimization software, business integration software and enterprise backbone software. All of the Company's products can be sold individually to solve specific technical challenges, but the emphasis of its product development and sales efforts is the creation of products that interoperate seamlessly and can be sold together as a complete solution to business problems. TIBCO also provides its customers implementation services, on-site support, consulting and training.

Financial Information
For the fiscal year ended 11/30/04, revenues rose 47% to $387.2 million. Net income rose from $11.4 million to $44.9 million. Revenues reflect the strengthening of the global economic environment and increased IT spending in general. Earnings also reflect improved margins and fewer R&D expenses.