Data integration software provider Informatica has reported record revenues of $58.4 million for the first quarter ended 31 March, up from $54.2 million in the first quarter of 2004. Net income, calculated in accordance with US generally accepted accounting principles (GAAP), was $4.3 million or $0.05 per diluted share, compared with net income of $1.9 million or $0.02 per diluted share in the first quarter of 2004. This represents growth of 128%. Pro forma net income for the first quarter of 2005 was $6.4 million or $0.07 per diluted share, up from $3.2 million or $0.04 per diluted share in the first quarter of 2004.
"The sustained record results reflect well on the improvements Informatica implemented over the last three quarters," says Charl Barnard, GM of Informatica at local distributor Knowledge Integration Dynamics (KID).
"The company`s focused strategy enabled it to deliver the most unified, open and comprehensive data integration product, PowerCenter Advanced Edition. An innovative product roadmap has extended Informatica`s technology leadership by best addressing the current and emerging requirements of its customers."
Significant milestones achieved in the first quarter of 2005 include:
* Signing repeat business with 132 customers. Customers continue to derive significant value from their selection of Informatica solutions. Repeat customers included ABN AMRO Bank, Campbell Soup Company, Cisco, FedEx, Forest Pharmaceuticals, General Electric, MetLife, Michelin, New York Times, Ohio Department of Education, and Procter & Gamble.
* Signing 44 new customers. Informatica increased its customer base this quarter to 2 216 companies.
* Unveiling a strategic technology roadmap. Informatica outlined its long-term plan for delivering the broadest array of enterprise data integration capabilities for companies` data-centric initiatives within one platform.
* Introducing PowerCenter Advanced Edition. Re-defining the requirements for enterprise data integration, Informatica introduced a new edition that combines PowerCenter data integration software with metadata-analysis capabilities, data-ready reporting functionality and key deployment-flexibility options - all on one platform and installable in under one hour.
* Launching PowerCenter for Mainframe. To help companies leverage growing amounts of corporate data residing on IBM mainframe systems, Informatica introduced PowerCenter for Mainframe. PowerCenter for Mainframe provides a high-performance platform for improving reliability, reducing costs of data integration on the IBM mainframe.
* Adding EII capabilities to the PowerCenter platform. Through a development and OEM agreement with Composite Software, Informatica can immediately offer its customers the Composite Information Server as a complement to the Informatica PowerCenter data integration platform. Using the PowerCenter platform, customers can now directly access data "on the fly" from their transactional systems which, when combined with historical data already residing in their data warehouses, will provide them with a more comprehensive view of their business and help enable a faster response to changing market conditions.
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Informatica Corporation is a leading provider of data integration software. Using Informatica products, companies can access, integrate, visualise and audit their enterprise information assets to help improve business performance, increase customer profitability, streamline supply chain operations and proactively manage regulatory compliance. More than 2 000 companies worldwide rely on Informatica for their end-to-end enterprise data integration needs. Informatica is distributed, supported and maintained in SA by Knowledge Integration Dynamics (KID). For more information, call (011) 462 1277, or visit www.informatica.com or www.kid.co.za.
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