logo
Plus   Neg
Share
Email

Informatica Q4 Profit Tops Estimates, Issues Upbeat Outlook, Shares Surge

Informatica Corp. (INFA), an independent provider of data integration software, Thursday reported lower profit for the fourth quarter that topped estimates, and reportedly issued an upbeat first-quarter outlook, sending the shares higher in extended trading.

Net income for the fourth quarter fell to $31.07 million or $0.28 per share from $42.39 million or $0.38 per share in the prior year.

Excluding items, earnings totaled $0.41 per share, while it stood at $0.47 per share last year. On average, 25 analysts polled by Thomson Reuters expected earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues advanced to $234.74 million from $227.13 million. Analysts expected revenues of $217.51 million.

License revenues slid to $104.05 million from $112.08 million while Service revenue increased to $130.69 million from $115.05 million.

Total cost of revenues advanced slightly to $40.48 million. Operating expenses increased to $149.66 million from $129.41 million.

Sohaib Abbasi, chairman and chief executive officer of Informatica, said, "Our fourth quarter 2012 results demonstrate our progress to regain our operational discipline. Our conviction in our long-term opportunity is firmer than ever...''

For the full year, net income dropped to $93.18 million from $117.5 million in the previous year. Revenues increased to $811.57 million from $783.78 million.

The company reportedly said in a conference call that it expects first-quarter adjusted earnings in the range of $0.29 to $0.32 on revenue of $196 million to $206 million. Wall Street looks for quarterly earnings of $0.31 per share on revenues of $197.52 million.

INFA closed up 1.1 percent at $33.24 on Thursday, but added 8.5 percent in the extended trade.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Software giant Microsoft Corp. (MSFT), Thursday reported an increase in profit for the third-quarter that trumped analysts' estimates, driven largely by strong growth in cloud business, as the software giant continues its transition from key software business to cloud business. Redmond, Washington-based... Shares of Deutsche Bank were losing around 2 percent in German trading after the banking giant reported lower profit and revenues in its first quarter with weakness in all segments, mainly Corporate & Investment Bank. Separately, the bank announced actions to reshape its Corporate & Investment Bank and additional cost-cutting measures, including job cuts. Hershey Co. (HSY) on Thursday reaffirmed its adjusted earnings guidance for the full-year 2018 in the range of $5.33 to $5.43 range, an increase of 14 to 16 percent from 2017. However, reported earnings are now expected to be in the range of $4.73 to $4.98 per share, an increase of $0.02 per share...
Follow RTT