Tibco Software (TIBX) : Breakout of long term base

TIBX has officially breakout of its long term base with very good quarterly results. (since last highlight of its long term base)

Highlights for Q3 include total revenue grew by 23% over the third quarter of 2009 to $184.5 million, which represents the fourth quarter in a row of accelerating growth. License revenue grew by a healthy 23% to $70.6 million. Non-GAAP operating margins came in at 24.4% for an expansion of 280 basis points over last year, and non-GAAP EPS of $0.17, grew by $0.04 over the third quarter of last year. — Source TheStreet

Consolidation within the industry is good for leaders like TIBCO (TIBX).

With fewer competitors, I expect profit margins to be maintain and at the same time more growth in the verticals.

Nonetheless, the chart is showing a very strong accelerated move on TIBX. Expect it to go beyond $20 by next quarter.

By iam802

Trend trading with Ichimoku