Data integration software provider Informatica has announced record revenues for its third quarter ended September 30, 2007.
Revenues for the third quarter of 2007 were $96.0 million, up 22% from the $78.9 million recorded in the third quarter of 2006. Licence revenues for the third quarter were $41.0 million and net income was $14.4 million, up nearly a quarter and more than 50% respectively on those recorded in the comparable time period twelve months earlier.
For the nine-month period ended September 30, 2007, revenues were $277.4 million, an increase of 19% on that recorded for the first nine months of 2006. Licence revenues for the first nine months of 2006 were $120.4 million a 17% climb compared with the first three quarters of 2006.
Highlights of the quarter include repeat business with 194 customers—including, Credit Suisse, DaimlerChrysler, FedEx Freight System, Globe Telecom, Landesbank Hessen-Thüringen, PayPal and Paramount Pictures Corporation—and the landing of 53 new customer agreements.
In addition, during the time period Informatica announced an agreement with Cognos whereby the latter will OEM Informatica data quality software in conjunction with its performance management solutions. The companies also announced they will expand their go-to-market cooperation in the field for data integration to provide complete best-of-breed solutions. Informatica also launched its newest addition to its On Demand services which delivers dynamic scorecards on the quality of data in salesforce.com implementations.
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