Informatica Up 16% After Positive Earnings Report
Shares of Informatica (NASDAQ: INFA) are up nearly 16% after the company reported positive earnings.
Total revenues for the fourth quarter of 2011 were $227.1 million, an increase of 15 percent from $198.0 million in the fourth quarter of 2010. License revenues were $112.1 million, an increase of 12 percent from $100.2 million in the fourth quarter of 2010.
Income from operations for the fourth quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $59.4 million, up 21 percent from $49.1 million in the fourth quarter of 2010.
GAAP net income for the fourth quarter of 2011 was $42.4 million, up 23 percent from $34.6 million in the fourth quarter of 2010, and GAAP net income per diluted share was $0.38, up 19 percent from $0.32 per diluted share in the fourth quarter of 2010.
