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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 RTT Staff Writer

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