Wall Street Beat: Tech ends best quarter in markets since dot-com bust

30.03.2012

"The open source technologies which we provide are being selected by more customers every day as they re-architect the infrastructure of their data centers for greater efficiency, agility and cloud enablement," said CEO Jim Whitehurst in a statement.

Middleware vendor Tibco also came out with Thursday. Tibco said that for the quarter ended March 4, revenue was $225.7 million and net income was $20.6 million, handily beating the year-earlier figures of $185.3 million and $16 million, respectively.

On a conference call with analysts, Tibco CEO Vivek Ranadivé talked about how the company is in the center of the big IT enterprise trends.

"Our infrastructure software platform positions us well as a beneficiary of the most powerful technology trends of our time: big data, cloud, social and mobility," Ranadivé said.

Not all results have been strong however.