Informatica Reports Preliminary Q2 $0.27-0.28 vs $0.37 Est; Revs $188-190M vs $222.6M Est
Informatica Corporation (Nasdaq: INFA), the world's number one independent provider of data integration software, today announced preliminary financial results for the second quarter ended June 30, 2012. Informatica will report complete and final results for the second quarter on July 26, 2012.
Informatica expects total revenues for the second quarter to be in the range of $188 million to $190 million. License revenues are expected to be in the range of $70 million to $72 million and service revenues are expected to be in the range of $117 million to $119 million.
Earnings per share for the second quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP) are expected to be in the range of $0.16 to $0.17 per diluted share. Non-GAAP earnings per share for the second quarter of 2012 are expected to be in the range of $0.27 to $0.28 per diluted share. Non-GAAP earnings per diluted share exclude approximately $0.11 per share in charges and tax benefits related to the amortization of acquired technology and intangible assets, facilities acquisition-related adjustments and stock-based compensation.
"After 31 consecutive quarters of consistent results, I am disappointed that we fell well short of our own expectations in the second quarter of 2012. Clearly, we did not adapt as rapidly as we should have to the changing macroeconomic environment, especially in Europe," said Sohaib Abbasi, chairman and CEO of Informatica. "Our singular focus now is to redouble our efforts and operational discipline for growth in the second half of 2012 and beyond."
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