Informatica posts $47.6 million Q3 revenues
By siliconindia   |   Friday, 18 October 2002, 19:30 IST
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REDWOOD CITY: Informatica Corporation has posted quarter three revenues of $47.6 million, up from the $47.1 million recorded in the third quarter of 2001. On a GAAP basis, the net loss for the third quarter was $17.3 million or $0.22 per share, which includes a facilities restructuring charge of $17.0 million, compared to the net loss of $27.0 million or $0.35 per share recorded in the third quarter of 2001, which included a restructuring charge of $12.1 million, the company said in an official release. Pro forma net income for the quarter was $0.09 million or $0.00 per share, compared to the net loss of $7.6 million or $0.10 per share in the third quarter of 2001. Pro forma operating results discussed in this press release exclude charges related to the amortization of stock-based compensation, goodwill and other intangible assets, and facilities restructuring charges. For the nine-month period ending September 30, 2002 the company posted revenues od $145.3 million, down from the $149.8 million recorded in the first nine months of 2001. On a GAAP basis, the net loss for the first nine months of 2002 was $17.1 million or $0.21 per share, compared to the net loss of $36.4 million or $0.47 per share recorded in the first nine months of 2001. Pro forma net income for the first nine months of 2002 was $1.0 million or $0.01 per share, compared to a net loss of $3.0 million or $0.04 per share in the first nine months of 2001. "Informatica continues to make good progress in a difficult environment, keeping costs under control, improving key metrics on the balance sheet, and at the same time adapting to customer preferences with an expanded analytics product offering," said Gaurav Dhillon, president and CEO of Informatica. "By opening up the components of our analytic applications, customers have the opportunity to realize more value with a smaller initial investment."

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