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TIBCO Software Inc. , a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world s most complex data-driven challenges. Today, TIBCO announced its recognition as an overall Leader in Vendor Credibility in Dresner Advisory Service s 2021 Wisdom of Crowds® Business Intelligence Market Study, making this the fifth consecutive report naming TIBCO a Leader. In addition, TIBCO was cited best in class for robustness and sophistication of its technology, and was given a perfect recommendation score. This year s Wisdom of Crowds market study shows game-changing improvements for TIBCO in all the survey measures, across the board. To once again be highlighted by Dresner as a Leader is validation for the work our teams do in delivering a compelling customer experience and fostering innovation within our partner network, said Michael O Connell, chief analytics officer, TIBCO. Our customers clea
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Fiscal First Quarter Results
Subscription revenue was $52.1 million, an increase of 23% year over year
Subscription revenue represented 87% of total revenue
Billings were $58.2 million or 25% year-over-year growth
Remaining performance obligations (RPO) was $284.3 million as of April 30, 2021, an increase of 24% year over year
RPO expected to be recognized as revenue in the next twelve months was $180.8 million as of April 30, 2021, an increase of 22% year over year
Net cash used in operating activities was $2.7 million, while adjusted net cash provided by operating activities was $1.4 million
GAAP subscription gross margin was 83%, an improvement of 4 percentage points from Q1 FY21
Non-GAAP subscription gross margin was 83%, an improvement of 4 percentage points from Q1 FY21
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