Informatica Corp presented the following significant financial results:
The earnings of the company improved, showing a profit of $9.3 million in the first quarter of the year, as compared to a loss of $116.4 million during the same period last year. This resulted in an Earnings Per Share (EPS) increase as well, from -$0.41 last year to $0.03 this quarter.
When non-recurring items are excluded, Informatica Corp's adjusted earnings rise to $69.2 million, equivalent to $0.22 per share. This surpasses analysts' projections of $0.21 per share.
Furthermore, there was a positive revenue growth for the company reflecting a rise to $388.6 million in the first quarter, up from $365.4 million during the same period in the previous year.
