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January 30, 2009

Informatica not slowing despite economy

How did the integration firm grow revenue 9%?

By Jason Stamper

Integration software maven Informatica announced fourth quarter sales up 9% to $124.4m, with net income holding steady at $19.9m versus $20.6m in the year-ago quarter.

Income from operations came in at $39.5m compared to $20m in the fourth quarter of 2007.

“We are pleased with the record quarterly operating results that rounded out our fourth consecutive record year,” said Sohaib Abbasi, chairman and CEO of Informatica. “Our results, with a more than 400 basis point increase in annual operating margins, again demonstrate the operational discipline of the Informatica team to navigate the economic turmoil.”

“We are well prepared to pursue our strategy and continue to focus on operating income in the quarters to come,” said Abbasi.

For the year ended December 31, revenues were $455.7m, an increase of 16%.

The firm said it signed repeat business with 279 customers, and added 84 new customers including Aspen Marketing Services, Alberta Cancer Board, Banque Accord, Fundação Dos Economiarios Federais, National Board of Medical Examiners, Schneider Electric Industries, and Vektis.

The company said it now has 50 OEM partners, and includes both more traditional as well as cloud computing OEMs amongst its relationships: cloud computing partners include iPartners, Responsys, Revionics, SignalDemand, and Zyme Solutions.

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