Net income for the third quarter of 2011 at $27m or $0.24 per diluted share
Informatica’s third quarter 2011 total revenues grew 21% to $195.9m from $161.3m in the third quarter of 2010.
Data integration software provider has announced financial results for the third quarter ended 30 September 2011. The company reported license revenues of $83.7m, an increase of 20% from $69.8m in Q3 2010.
Income from operations for the quarter was $37.2m, up 15% from $32.4m in the third quarter of 2010. GAAP net income for the third quarter of 2011 was $27m or $0.24 per diluted share, up over 14% from $22.5m or $0.21 per diluted share in the third quarter of 2010.
For the nine month period ended 30 September 2011, revenues were $556.6m, an increase of 23% from the $452m recorded for the first nine months of 2010. License revenues for the first nine months of 2011 were $241.6m, up 24% from $194.9m in the first nine months of 2010.
GAAP net income for the first nine months of 2011 was $75.1m or $0.67 per diluted share, up over 34% from $51.7m or $0.50 per diluted share in the first nine months of 2010. Non-GAAP net income for the first nine months of 2011 was $106.7m or $0.95 per diluted share, up over 30% from $76.2m or $0.73 per diluted share in the first nine months of 2010.
The company said that it signed repeat business with 325 customers in the quarter, including Amtrak, Enerplus Resources Fund, Hawaiian Airlines, Juniper Networks, Landesbank Baden-Württemberg, LeapFrog Enterprises, Nielsen Media Research and Prime Therapeutics.
Informatica also added 80 new customers. Informatica increased its customer base to 4,526 companies. New customers included: Arby’s Restaurant Group, Federal Home Loan Bank of Des Moines, Gate Gourmet Switzerland, Hoag Memorial Hospital Presbyterian, Panther Energy Trading, PT Sayap Mas Utama and Qualicorp Administradora de Benefícios.
Informatica chairman and CEO Sohaib Abbasi said the third quarter results showcase the growing adoption of the company’s expansive product portfolio.
"The third quarter extends the Informatica track record as the thirty-fourth consecutive quarter of sustained year-over-year revenue growth, despite the Great Recession," Abbasi said.