Tuesday, 30 October 2007

Informatica Reports 22 Percent License Revenue Growth

Informatica Corporation a provider of data integration software, announced its third quarter financial results last week at 96 million dollars, a 22 percent increase when compared to its third quarter last year.

The company attributed its success to significant milestones it had achieved since July which includes, signing repeat business with 194 customers and 53 new customers, entering a worldwide partner agreement with Cognos, introducing Informatica Data Quality Assessment and Informatica Integration Pack for Salesforce, being positioned in the leaders quadrant in the Gartner Data Integration Tools Magic Quadrant and earning a top rank in TNS Custom Research Data Integration Software survey.

“Record third quarter revenues in all major geographic regions are clear evidence of our team’s discipline of execution,” said Sohaib Abbasi, chairman and chief executive officer of Informatica.

“Continual product innovations have notably advanced our competitive position and further expanded our opportunities beyond our traditional market."