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Informatica Sees Financials Spike In Q2

Jul 24, 2005 (12:07 PM EDT)

Read the Original Article at http://www.informationweek.com/news/showArticle.jhtml?articleID=166402161


Data integration software maker Informatica reported big advances on both its topline and bottom line late last week, as the company delivered its earnings report for the second fiscal quarter ended June 30.

Sales rose to $64.2 million in the quarter, up 21 percent from the same period last year. License revenue reached $28.1 million in the second, also up 21 percent from the comparable quarter a year before.

Pro forma net income for the quarter rose to $8.2 million, a 145 percent rise from the $3.3 million Informatica garnered in the year-ago period. Pro forma earnings exclude charges related to facilities restructurings and the amortization of acquired technology, intangible assets and stock-based compensation.

Informatica signed repeat business with 158 customers in the second quarter, including Applied Materials, Lockheed Martin, Sun Microsystems and Wachovia Securities. New customer wins in the quarter, which totaled 48 organizations, include ACNielsen, North Carolina State University, Singapore Health Services and the U.S. Department of Agriculture.

Wall Street greeted Informatica's earnings news enthusiastically. The company's shares jumped more than 15 percent Friday, setting a new 52-week high during mid-day trading.