Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

1/25/2013 12:38 AM ET

Informatica Corp. (INFA: Quote), 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.

Register
To receive FREE breaking news email alerts for Informatica Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Data storage solutions provider EMC Corp. (EMC) reported that net income attributable to the company for first-quarter 2014 declined to $392 million or $0.19 per share, from $580 million or $0.26 per share in the same quarter last year. Non-GAAP net income attributable to the company was $728 million... U.K. Chancellor George Osborne achieved his budget deficit target for 2013/14 as buoyant economic growth boosted tax receipts. Data from the Office for National Statistics on Wednesday showed that net borrowing totaled GBP 107.7 billion in the fiscal year ended March 2014, the lowest since the 2008/2009 financial crisis. Thailand's central bank left its key interest rate unchanged on Wednesday, after trimming it in the previous month amid the lingering political impasse. The Monetary Policy Committee of the Bank of Thailand voted 6-1 to leave the main policy rate unchanged at 2 percent, which is the lowest level since December 2010. The decision was in line with economists' expectations.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.