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Informatica reports record second-quarter results

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Informatica Corporation has announced financial results for the second
quarter ended 30 June 2008. Revenues for the second quarter of 2008 were
$113,8-million, up 21% from the $94,3-million recorded in the second quarter
of 2007.

Licence revenues for the second quarter were $48,5 million, up 16% from the
$41,8 million recorded in the second quarter of 2007. Net income for the
second quarter, calculated in accordance with US generally accepted
accounting principles (GAAP), was $11,5 million or $0,12 per diluted share,
up more than 9% from net income of $10,5 million or $0,11 per diluted share
in the second quarter of 2007.
For the three-month periods ended June 30, 2007 and June 30, 2008, earnings
per diluted share is calculated on an "if converted" basis, including the
add-back of $1,1 million of interest and convertible notes issuance cost
amortisation, net of income taxes.
For the six-month period ended June 30, 2008, revenues were $217,5 million,
an increase of 20% from the $181,4 million recorded for the first six months
of 2007. Licence revenues for the first six months of 2008 were $92,7
million, up 17% from $79,4 million in the first six months of 2007.
GAAP net income for the first six months of 2008 was $22,7 million or $0,24
per diluted share, up over 14% versus $19,6 million or $0,21 per diluted
share in the first six months of 2007.
"We are pleased with our record second-quarter results," says Sohaib Abbasi,
chairman and CEO of Informatica. "These results further highlight that our
value proposition for IT organisations to 'do more with less', has promoted
even broader customer adoption of our products and services in the current
macroeconomic environment."