You're watching...
Tibco Software CEO Vivek Ranadive on how the firm’s software gives companies more predictive capabilities in an effort to prevent problems.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
All right let's turn all over parts they wait a minute wait minute there are some great companies out there doing very very well my next guest runs one of them.
Found that it is the -- running the day of Tibco Software or the chairman president and CEO -- today alone is up 6%.
Interesting Hewlett-Packard down about that -- -- today that -- -- them -- that they just came in with earnings.
Upbeat about the top and bottom line I looked at this -- that -- thirteenth consecutive quarter.
Of beating estimates just unbelievable how have you done it when you run the software company.
That in fact runs a lot of the software that -- trading force here but other businesses and governments as well.
That's right -- We have that I talk to the right time and our business and to provoke -- tipping point.
Over the last couple of years companies want to operate in real time.
They want to anticipate the future just a little bit no point in knowing you've lost a customer.
After the fact no point to knowing that -- been committed -- weeks ago.
And who doesn't need that kind of capability and -- want us.
Yeah and and you've actually written a book on your whole theory and what your business is based on and it's called the to second advantage.
You say that your software allows your clients have -- 22 advantage that's how fast data as.
You just brought up product thinking of of UBS.
It is they're somehow that the Tibco Software could've helped UBS somehow figure out what was going on with with all of the bad traits of the rogue trader.
Absolutely this of what that the second advantage is about is looking and just a little bit of the right information.
Beforehand.
And -- that -- captains.
And you connect those dots that you would have seen that this pattern of behavior combined with the trades that -- taken place.
-- something bad was happening.
So we have solved this kind of problem in a variety of industries including banks.
And we believe that we could have avoided this disaster from.
So I'm assuming UBS is not a client they should be calling you if they are right I mean you could of done that they are client.
Hopefully they'll be -- to respond to business.
They were not apply to the right part of the this is all right let's broaden the the picture here of you say that.
-- large portion of your earnings came out of Europe doing very well are you worried that you'll see some erosion there.
As it seems to be so many Pacific somebody gigantic question marks over the region financially.
And as we continue to do very well in Europe.
We haven't seen any revision.
We are the top woman -- priority in terms of what companies are trying to do.
Whether it's upset process your existing customers.
Squeeze more value from the assets that you have all -- manage the kind of risk that.
UBS should have been managing hundreds of all these for everything.
So we're not seeing any slowdown is actually seen.
An acceleration.
In interest for our software.
Interest and especially in that region which has been tough let's bring it back to this region of the breaking news today out of the -- that there of what.
Canceling 43 pre season games there there are big questions as to whether the -- believe -- -- you are co owner and vice chair of the Golden State Warriors.
Will there be a season I mean you.
You're good statistics in anticipating things before they happen that Beck go ahead and anticipate what we see an NBA season.
We and there's this is one of those things where you know David Stone and He would have my head offended if I'm I'm I'm just.
But we have incredible friends.
I believe that basketball.
Has a very bright future and not just in the United States -- -- -- song on the long run past.
Along on basketball with -- you and your partner among others Peter -- Took a big chance with this -- I'm from California I'm single Golden State Warriors so good luck to you and keep us posted thank you back.
That that product today who's the chairman president and CEO of Tibco Software giving it to second advantage.
Good enough.
