Informatica Earnings: Here’s Why Investors Like These Results
Informatica Corporation (NASDAQ:INFA) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.33%.
Informatica Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.43% to $0.31 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Rose 9.33% to $214.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Informatica Corporation reported adjusted EPS income of $0.31 per share. By that measure, the company missed the mean analyst estimate of $0.31. It beat the average revenue estimate of $202.23 million.
Quoting Management: “Our first quarter 2013 results highlight the growing customer demand for our expansive portfolio of software and services,” said Sohaib Abbasi, chairman and chief executive officer, Informatica. “We continue to invest for sustained growth by further differentiating the Informatica product portfolio and maintaining our track record of continual innovation.”
Key Stats (on next page)…