Data integration software company Informatica has reported record revenues of $65 million, up 24% from $52.4 million recorded in the third quarter of 2004; and licence revenues of $28.2 million, up 28% from $22 million in the corresponding third quarter last year. The figures are for the third quarter ended 30 September 2005.
Net income for the third quarter, calculated in accordance with US generally accepted accounting principles (GAAP), was $8 million or $0.09 per diluted share versus a net loss of $8.6 million or $0.10 per share in the third quarter of 2004.
For the nine-month period ended 30 September revenues were $187.6 million, an increase of 18% from the $159.6 million recorded in the first nine months of 2004. Licence revenues for the first nine months of 2005 were $81.2 million, up 16% from $70.2 million in the first nine months of 2004.
"The third consecutive quarter of record profits and second consecutive quarter of record revenues demonstrates the consistent execution discipline of the Informatica team," says Charl Barnard, GM of Informatica at local distributor Knowledge Integration Dynamics (KID). "With its latest product release, PowerCenter 8, Informatica is poised to become the dominant leader in the enterprise data integration market."
Significant milestones achieved since July include:
* Signed repeat business with 145 customers who continue to derive considerable value from their investments in Informatica solutions.
* Signed 59 new customers. Informatica increased its customer base this quarter to 2 323 companies.
* Announced global master relationship agreement with SAP. In October, Informatica announced a three-year worldwide agreement with SAP focused on accelerating the time-to-value of data migration and other strategic data integration initiatives for SAP customers. The agreement provides a framework for the execution of local go-to-market agreements, piloted by SAP America.
* Recognised by Computer Business Review (CBR). For the third year in a row, CBR named Informatica as one of the 10 most influential companies in the integration market.
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