Archive for the ‘Profits’ tag
Informatica 4th Qtr Profit Rises 48 Percent
From CNN Money Article -
Data integration software provider Informatica Corp. said Tuesday that its profit jumped 48 percent in the fourth quarter, as both its service and license businesses posted strong growth.
The company’s net income rose to $20.6 million, or 21 cents per share, from $13.9 million, or 15 cents per share a year ago. Excluding one-time expenses, its profit increased to 25 cents per share. Revenue grew 24 percent, to $113.9 million from $91.8 million.
Informatica’s license revenue grew 28 percent, to $54.9 million, and service revenue increased 20 percent, to $58.9 million.
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