Business-analytics software vendor returned to profitability in the fourth quarter.
Informatica Corp. returned to profitability in its fourth quarter. The business-analytics software developer reported that net income reached $1.5 million, or 2 cents per share, on sales of $50.1 million during the period ended Dec. 31. In the year-ago quarter, the company reported a loss of $8.5 million, or 11 cents per share, on sales of $50.3 million.
"We've got our business firing on all cylinders," CEO Gaurav Dhillon said after the figures were released Thursday, adding that tight cost controls combined with better-than-expected order rates helped push Informatica into the black. During the quarter, the company signed 72 new customers and did repeat business with 87 customers. License revenue was $24.8 million in the period, down 15% from one year earlier, while service-related revenue grew nearly 20%, to $25.4 million.
Informatica recorded losses each quarter starting in mid-2000, with the exception of the second quarter of 2002 when it eked out a small profit. For fiscal 2002, the company reported a loss of $15.6 million on sales of $195.4 million, a sharp improvement from a loss of $45.0 million on sales of $200.1 million in fiscal 2001.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.