Data integration firm Informatica has recorded record revenue and income for Q2 thanks to Big Data driving demand for its products.
Revenue came in at $192.7m, a record for the quarter and up 24% year over year. Revenue from licensing was up roughly the same percent to $86.3m, another record quarterly performance.
Net income for the quarter came in at $26.2m, up 35% from $17.4m a year ago.
"The latest big data technology trend is elevating the role of data integration and expanding our addressable market as organisations aspire to become data-centric enterprises," said Sohaib Abbasi, Informatica’s CEO.
During the quarter the company released Informatica 9.1, designed to enable customers to integrate Big Data. The firm said it offered support for the three Big Data trends: big transaction data, big interaction data and big data processing. Informatica also announced a partnership with EMC for Hadoop Big Data support.
"For big transaction data, we support near universal connectivity through traditional OLTP and new analytic databases. Second, for big transaction data, we deliver connectivity to access interaction data from popular social media services like Facebook, Twitter and LinkedIn. And third, for Big Data processing, Informatica 9.1 features connectors to move data in and out of the Hadoop file system, the highly scalable open source technology stack," Abbasi said on a conference call with journalists and analysts.
Informatica claimed 96 new customers during the quarter, including 22 added through its acquisition of WisdomForce. It also signed repeat business with 299 clients and is said to now have around 4,500 businesses on its books.
"Informatica’s seventh consecutive quarter with year-over-year license revenue growth higher than twenty percent reflects the increasing adoption of our expansive product portfolio driven by the top business priorities of our customers," Abbasi added.
The company is predicting revenue of between $192m and $197m for the third quarter, it announced.
