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INFORMATICA REPORTS RECORD THIRD QUARTER REVENUES OF US$113.8 (AU$164.1) MILLION

Achieves Revenue Growth of 19 Percent and Operating Margin Increase of 370 Basis Points
  • 17 October, 2008 15:29

<p>REDWOOD CITY, Calif., October 16, 2008 — Informatica Corporation (NASDAQ: INFA), the leading independent provider of enterprise data integration software and services, today announced financial results for the third quarter ended September 30, 2008.</p>
<p>Revenues for the third quarter of 2008 were US$113.8 (AU$164.1) million, up 19 percent from the US$96.0 (AU$138.4) million recorded in the third quarter of 2007. License revenues for the third quarter were US$45.8 (AU$66.0) million, up 12 percent from the US$41.0 (AU$59.1) million recorded in the third quarter of 2007. Income from operations for the third quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was US$17.7 (AU$25.5) million, up 56% from US$11.3 (AU$16.3) million in the third quarter of 2007. GAAP net income for the third quarter was US$13.4 (AU$19.3) million or US$0.14 (AU$0.2) per diluted share, in comparison to net income of US$14.4 (AU$20.8) million or US$0.15 (AU$0.2) per diluted share in the third quarter of 2007. For the three-month periods ended September 30, 2007 and September 30, 2008, earnings per diluted share is calculated on an “if converted” basis, including the add-back of US$1.1 (AU$1.6) million of interest and convertible notes issuance cost amortisation, net of income taxes.</p>
<p>Non-GAAP income from operations for the third quarter of 2008 was US$25.4 (AU$36.6) million, up 48% from US$17.2 (AU$24.8) million in the third quarter of 2007. Non-GAAP net income for the third quarter of 2008 was US$18.9 (AU$27.3) million or US$0.19 (AU$0.27) per diluted share, up from US$18.8 (AU$27.9) million or US$0.19 (AU$0.27) per diluted share in the third quarter of 2007. Non-GAAP income from operations and non-GAAP net income exclude charges related to purchased in-process research and development, share-based payments, facilities restructurings and the amortisation of acquired technology and intangible assets. A reconciliation of GAAP results to non-GAAP results is included below.</p>
<p>For the nine-month period ended September 30, 2008, revenues were US$331.3 (AU$477.7) million, an increase of 19 percent from the US$277.4 (AU$400) million recorded for the first nine months of 2007. License revenues for the first nine months of 2008 were US$138.6 (AU$199.9) million, up 15 percent from US$120.4 (AU$173.6) million in the first nine months of 2007. GAAP income from operations for the first nine months of 2008 was US$44.7 (AU$64.5) million, up 63 percent from US$27.4 (AU$39.1) million in the first nine months of 2007. GAAP net income for the first nine months of 2008 was US$36.0 (AU$51.9) million or US$0.38 (AU$0.55) per diluted share, up 6 percent from US$34.0 (AU$49.0) million or US$0.36 (AU$0.52) per diluted share in the first nine months of 2007. Non-GAAP income from operations for the first nine months of 2008 was US$65.6 (AU$94.6) million, up 44% from US$45.4 (AU$65.5) million in the first nine months of 2007. Non-GAAP net income for the first nine months of 2008 was US$51.3 (AU$74.0) million or US$0.52 (AU$0.75) per diluted share, up over 4 percent from US$48.8 (AU$70.4) million or US$0.50 (AU$0.70) per diluted share in the first nine months of 2007. For the nine-month periods ended September 30, 2007 and September 30, 2008, earnings per diluted share is calculated on an “if converted” basis, including the add-back of US$3.3 (AU$4.8) million of interest and convertible notes issuance cost amortisation, net of income taxes. Non-GAAP income from operations and non-GAAP net income exclude charges related to purchased in-process research and development, share-based payments, facilities restructurings and the amortisation of acquired technology and intangible assets.</p>
<p>“I would like to recognise and commend the Informatica team for their exceptional operational discipline to attain third quarter record revenues and operating income in these extraordinary times of macroeconomic turmoil,” said Sohaib Abbasi, chairman and CEO of Informatica.</p>
<p>Significant milestones achieved since July 2008 include:</p>
<p>• Signed repeat business with 231 customers. Customers continue to derive considerable value from their investments in Informatica solutions. Repeat customers included Autotrader.com, CVS Pharmacy, EMD Serono, Goodyear Tire &amp; Rubber Company, Groupe Pernod Ricard, NAVTEQ Corporation, Norwich Union, and Telemar Norte Leste.</p>
<p>• Added 55 new customers. Informatica increased its customer base this quarter to 3,368 companies. New customers include BBVA, Beijing Administration for Industry &amp; Commerce, Hawaii Medical Service Association, Luz y Fuerza del Centro, Messe Frankfurt, Omnicom Media Group, and Turk Telekomunikasyon.</p>
<p>• Advanced in the "Leaders Quadrant” in the Gartner Data Integration Magic Quadrant. According to Gartner, “leaders have significant mind share in the market, and resources skilled with their tools are readily available. These vendors establish market trends, to a large degree, by providing new functional capabilities in their products, and by identifying new types of business problems where data integration tools can bring significant value. Examples of deployments that span multiple projects and types of use cases are commonplace in their customer base.”</p>
<p>• Customer KPN won 2008 Ventana Research Information Management Leadership Award. KPN was recognised, for its use of Informatica technology, as the organisation that has most successfully used information to advance business and improve its performance. The Leadership Awards recognise pioneers and leaders, organisations and individuals that exemplify technology best practices.</p>
<p>• Recognised as one of the "Top 100 most influential technology vendors for 2008." In the annual State of the Market Report survey by Aberdeen Group, Informatica was recognised as one of the key vendors driving business value through technology. Over 9,000 executives were asked to name the companies that had the most impact on their businesses in the last year.</p>
<p>Conference Call and Webcast</p>
<p>Informatica will discuss its third quarter 2008 results on a conference call today beginning at 2:00 p.m. PDT. A live Webcast of the conference call will be available at http://www.informatica.com/investor. A replay of the call will also be available by dialing 617-801-6888, reservation number 74458670.</p>
<p>About Informatica</p>
<p>Informatica Corporation (NASDAQ: INFA) is the leading independent provider of enterprise data integration software and services. With Informatica, organisations can gain greater business value by integrating their information assets across the enterprise. More than 3,350 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, call +1 650 385 5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com.</p>

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