Informatica's Losses Narrow As Revenue Grows Slightly

Informatica Corp. narrowed its losses on slight revenue growth in its third quarter ended Sept. 30. The supplier of data-integration and business-analysis software reported a loss of $17.3 million, or 22 cents per share, on sales of $47.6 million, compared with a loss of $27.0 million, or 35 cents per share, on sales of $47.1 million in the year-ago quarter.

License revenue in the quarter was down 18%, to $22.3 million, while service-related revenue grew 27%, to $25.4 million. Informatica is trying to expand beyond its core data-integration products into the market for analytical applications. Earlier this week, the company unveiled a modular design for those applications, including the Informatica Warehouse data warehouse engine and Informatica PowerAnalyzer for business-performance management.

For the nine months ended Sept. 30, Informatica reported a loss of $17.1 million, or 21 cents per share, on sales of $145.3 million. That compares with a loss of $36.4 million, or 47 cents per share, on sales of $149.8 million for the same period last year.