Informatica Earnings: Here’s Why the Stock is Popping
Informatica Corporation (NASDAQ:INFA) delivered a profit and beat 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 11.85%.
Informatica Corporation Earnings Cheat Sheet
Results: Net income decreased -26.63% to $31.1 million (41 cents per diluted share) in the quarter versus a net gain of $42.39 million in the year-earlier quarter.
Revenue: Rose 3.33% to $234.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Informatica Corporation reported adjusted net income of 41 cents per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $217.51 million.
Quoting Management: “Our fourth quarter 2012 results demonstrate our progress to regain our operational discipline,” said Sohaib Abbasi, chairman and chief executive officer, Informatica…