Informatica posts record quarterly revenues of US$155.7m

Sohaib Abbasi, Chairman and CEO, Informatica:
“Record results in each of the major geographic regions.”
Redwood City, California, USA. July 22, 2010 — Informatica Corporation (NASDAQ: INFA), an independent provider of data integration software, has announced financial results for the second quarter ended June 30, 2010.
“Our record Q2 results underscore the increasingly strategic role of Informatica for our customers and partners,” said Sohaib Abbasi, Chairman and CEO, Informatica. “Despite the uneven economic recovery, Informatica is increasingly benefiting from our strongest ever product portfolio and the team’s exceptional operational discipline, with record results in each of the major geographic regions.”
Total revenues for the second quarter of 2010 were $155.7 million, an increase of 33% from $117.3 million recorded in the second quarter of 2009. Licence revenues were $70.0 million, an increase of 44% from the $48.7 million recorded in the second quarter of 2009.
Income from operations for the second quarter, calculated in accordance with US generally accepted accounting principles (GAAP), was $25.5 million, up 49% from $17.1 million in the second quarter of 2009.
For the six month period ended June 30, 2010, revenues were $290.8 million, an increase of 28% from the $226.4 million recorded for the first six months of 2009. Licence revenues for the first six months of 2010 were $125.1 million, up 35% from $92.8 million in the first six months of 2009.
GAAP net income for the first six months of 2010 was $29.2 million or $0.29 per diluted share, up over 16% from $23.0 million or $0.25 per diluted share in the first six months of 2009.
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