Corporate software vendor Informatica (INFA) this afternoon reported Q3 revenue and earnings per share ahead of expectations.
Revenue in the three months ended in September rose 21% to $195.9 million, yileding EPS of 34 cents. Analysts had been modeling $195.4 million and 32 cents a share.
License revenue was up 20% at $69.8 million, and the company’s deferred revenue rose to $199.9 million.
CEO Sohaib Abbasi remarked, “The third quarter extends the Informatica track record as the thirty-fourth consecutive quarter of sustained year-over-year revenue growth, despite the Great Recession.”
Informatica shares were down $2, or 4.4%, at $43.00 in late trading.
Informatica’s conference call with analysts is currently underway, having started at 5 pm, and you can catch it here.
Update: On the conference call, the company projected revenue of $218 million to $228 million, and EPS of 43 cents to 45 cents, excluding some costs, with management expressing some degree of caution about the global macroeconomic environment.
That is below the $228.1 million in revenue analysts have been modeling, though the EPS view is in line with the consensus 44 cents.
For next year, with caution about global macroeconomic conditions, the company set an initial target for $880 million to $910 million in revenue, and $1.57 to $1.67 in EPS. Analysts have been modeling 2012 revenue at $908.05 million and $1.65.
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