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INFORMATICA REPORTS RECORD QUARTERLY REVENUES OF $303.7 MILLION AND
RECORD ANNUAL REVENUES OF $1.05 BILLION
Achieves 53 Percent Subscription Revenue Growth and 10 Percent Total Revenue Growth in Fourth Quarter
Record quarterly software revenues of $150.2 million, up 12 percent year-over-year
Record quarterly GAAP earnings per diluted share of $0.40 compared to $0.36 the previous year and non-GAAP earnings per diluted share of $0.56 compared to $0.49 the previous year
Signed a record 41 deals greater than $1 million and 145 deals greater than $300,000
Generated record quarterly cash from operations of $90.1 million
Announced $500 million stock repurchase program
REDWOOD CITY, Calif., January 27, 2015 - Informatica Corporation (Nasdaq:INFA), the world's number one independent provider of enterprise data integration software and services, today announced financial results for the fourth quarter ended December 31, 2014.
“Our record quarterly software and total revenues in the fourth quarter reflect improved execution and growing customer adoption of our products,” said Sohaib Abbasi, chairman and chief executive officer, Informatica. “To attain higher long-term growth, we are making good progress in delivering innovative products and in scaling go-to-market resources to pursue four distinct billion dollar market opportunities: cloud integration, MDM, data integration for next generation analytics and data security.”
Financial Highlights for the Fourth Quarter and Year Ended December 31, 2014
Total revenues for the fourth quarter of 2014 were $303.7 million, an increase of 10 percent from $276.0 million in the fourth quarter of 2013. Software revenues were $150.2 million, an increase of 12 percent from $134.6 million in the fourth quarter of 2013. Within software revenues, license revenues were $129.2 million, up 7 percent year-over-year, and subscription revenues were $21.1 million, up 53 percent year-over-year. Total revenues were negatively impacted by currency fluctuations. Using currency exchange rates from the fourth quarter of 2013, total revenues growth would have been 12% and software revenue growth would have been 14% in the fourth quarter of 2014.
Income from operations for the fourth quarter of 2014, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $65.4 million, up 7 percent from $61.0 million in the fourth quarter of 2013.
The following information was filed by Informatica Corp (INFA) on Tuesday, January 27, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.