Informatica Sees Benefit From Narrowed Focus - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Hardware & Infrastructure
News
10/16/2003
06:10 PM
50%
50%

Informatica Sees Benefit From Narrowed Focus

Company's decision to get out of the analytical apps market and focus on its infrastructure business is helping it regain its footing.

Data-integration and business-intelligence software vendor Informatica Corp. Thursday reported a narrow loss for its third quarter ending Sept. 30 on a moderate increase in sales. Revenue was up 6% to $50.7 million from $47.6 million in the same period last year, while the $184,000 loss (0 cents per share) was a marked improvement over the $17.3 million loss (22 cents per share) one year ago.

"Our software development is paying off nicely, and our recent strategic moves have energized the sales force," president and CEO Gaurav Dhillon says.

During the quarter, Informatica bailed out of the market for analytical applications to concentrate on its infrastructure business--a point emphasized by its recent $62 million acquisition of mainframe integration software developer Striva Corp. and the release of its SuperGlue metadata management software. Thursday the vendor also revealed an expanded sales and marketing partnership with IBM.

License revenue in the quarter was up 2% to $22.8 million year over year, while service revenue grew 10% to $27.9 million. For the nine months ended Sept. 30, the company reported net income of $4.2 million (5 cents per share) on revenue of $149.8 million, compared with a net loss of $17.1 million (21 cents per share) on revenue of $145.3 million in the first nine months of 2002.

For the current quarter, Informatica expects revenue in the range of $54 million to $56 million and revenue between $230 million and $240 million in 2004.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Becoming a Self-Taught Cybersecurity Pro
Jessica Davis, Senior Editor, Enterprise Apps,  6/9/2021
News
Ancestry's DevOps Strategy to Control Its CI/CD Pipeline
Joao-Pierre S. Ruth, Senior Writer,  6/4/2021
Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll