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Informatica reports a rise in revenue

Data integration company, Informatica, has posted an increase in its revenues for the second quarter of 2004 which ended 30 June.

Data integration company, Informatica, has posted an increase in its revenues for the second quarter of 2004 which ended 30 June.
 
It reported revenue for the quarter of $53m (£29m), up by 4.7% from the $50.6m recorded in the same period in 2003.

Net income for the second quarter was $1m compared with net income of $3.3m in the second quarter of 2003, while pro forma net income for the second quarter of 2004 was $3.3m compared with $3.4m.

For the first half of 2004, revenues were $107.2m, up by 12% from the $99m recorded during the first six months of 2003.

GAAP net income for the first six months of 2004, it noted, was $2.9m and pro forma net income was $6.5m.

The company said that significant milestones achieved in the second quarter of 2004 include repeat business with 119 customers, signing 62 new customers, launching the Universal Data Services (UDS) architecture, as well as the new Japanese subsidiary, with Takemi Hojo as country manager for Informatica KK.

Furthermore, the company states that strengthening its strategic partnership with Mitsubishi Electric Information Technology and reaching the 2,000 customer milestone also count as milestones reached in the second quarter.

Written by Computing SA staff

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