| INFORMATICA REPORTS RECORD $33.9 MILLION SECOND-QUARTER REVENUES; UP 142% OVER LAST YEAR
Record 134 new customers signed in Q2 brings worldwide customer base to 885
PALO ALTO, Calif., July 20, 2000 - Informatica Corporation (NASDAQ: INFA), a leading provider of e-business analytic solutions, today announced record financial results for its second quarter ended June 30, 2000.
Revenues for the quarter were $33.9 million, a 142% increase from $14.0 million in the second quarter of 1999, and a 31% sequential increase from $25.9 million in the first quarter of 2000. Net income for the quarter, excluding non-operating charges related to the amortization of goodwill and other intangible assets, purchased in-process research and development and stock-based compensation, was $1.9 million, or $0.05 per share, compared to $270,000, or $0.01 per share, in the second quarter of 1999, and up sequentially from $1.5 million, or $0.04 per share, in the first quarter of 2000. Revenues were $59.8 million for the six-month period ending June 30, 2000, up 139% compared to $25.0 million in the same period in 1999. The earnings per share for the six-month period ending June 30, 2000 were $0.09, compared to a loss of $0.05 per share in the same period in 1999. Including non-operating charges related to amortization of goodwill and other intangible assets, purchased in-process research and development, and stock-based compensation, the net loss for the quarter and six months ended June 30, 2000 was $4.2 million, or $0.12 per share, and $3.5 million, or $0.10 per share respectively, compared to breakeven in the second quarter of 1999 and a loss of $1.1 million, or $0.07 per share for the six months ended June 30, 1999.
"Informatica's tremendous growth continued in the second quarter as Global 2000 companies and leading e-businesses adopted our analytic solutions as an essential element of their e-business infrastructures," said Gaurav Dhillon, CEO of Informatica. "During the second quarter we continued record growth in new customer acquisitions across a broad range of industries, furthering our mission to lead the market for e-business analytic solutions."
Informatica achieved a number of other significant milestones in the second quarter of 2000:
- Signed a record 134 new customers, bringing Informatica's worldwide customer base to 885. New customers signed in the second quarter include Autobytel.com, Banque de France, Covad Communications, Cummins Engine, J. Crew, EXXON, Florida Power & Light, Freightliner, Honeywell, KPN Telecom, Media Metrix, MonsterData.com, Palm Computing, PepsiCo, RR Donnelley, SciQuest.com, Thames Water plc., TNT Express GmbH, Union Bank of California, United Energy, Waste Management, and Wavetek.
- Signed repeat business with 59 existing customers, including Aetna, Air France, AMD, American Horizon Insurance, Barclays Global Investor, Cisco, Deutsche Bank, Entergy Services, Enron, FedEx, GE, GTE Data Services, Guidant, Hewlett-Packard, Inktomi, Lucent, Priceline.com, The Hartford, and Siemens.
- Announced general availability of Informatica Applications, a family of analytic applications that for the first time gives e-businesses the ability to evaluate the performance of their entire web of customer, partner and supplier relationships. Initial customers included SGI, HP Inkjet Imaging Solutions, GE Capital IT Solutions, Philips Semiconductors, SageTree and QuinStreet.
- Delivered Informatica CommerceAnalytics (ICA) for Ariba, a tightly integrated B2B e-commerce analytic solution. Now available to all Ariba Buyer B2B e-Commerce customers, the ICA purchasing analytics application helps customers analyze their transactional data to better identify trends and opportunities.
- Signed a worldwide OEM agreement with Sybase, in which the software company has agreed to resell Informatica's PowerMart product as a key component of its enterprise business intelligence solutions. As part of this agreement, Sybase also gains certain rights to globally resell other Informatica software products.
- Established a strategic alliance with PricewaterhouseCoopers, the world's largest professional services organization, to jointly develop, sell and support end-to-end analytic solutions for the rapidly expanding business-to-business e-commerce market worldwide. As part of the agreement, PricewaterhouseCoopers took a $32 million equity stake in Informatica.
About Informatica Informatica provides e-business analytic solutions that enable companies to leverage business insight for competitive advantage. Informatica's products include a comprehensive suite of analytic applications and the industry's most powerful data integration platform. Over 880 customers, including more than half of the Fortune 100, rely on Informatica to analyze and improve their entire e-business value chain. Informatica's customers include: 3Com, AMD, Boeing, Chevron, Cisco, CNET, Deutsche Bank, eBay, GE, Inktomi, Merrill Lynch, MetLife, MCI Worldcom, Mutual of Omaha, Polo Ralph Lauren, Preview Travel, Priceline.com, Sprint, and Zurich Insurance. For more information, call 800.970.1179, or visit Informatica's Web site at http://www.informatica.com/.
The forward looking statements in this news release related to Informatica's financial results, growth outlook, market leadership position, and adoption of our products are based on current expectations and beliefs and are subject to numerous risks and uncertainties that could cause the actual results to differ materially. Factors that could cause Informatica's actual results to differ materially include the size and timing of customer orders, market acceptance of our products, particularly our new analytics products, the length and variability of our sales cycle for our products, and our ability to develop, introduce and market new products on a timely basis, as well as additional risk factors, as discussed in the "Risk Factors'' section of Informatica's Annual Report on Form 10-K for the year ended December 31, 1999, and updated in Informatica's first quarter report on Form 10-Q dated May 15, 2000. Informatica disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
NOTE: Informatica, PowerMart and Informatica CommerceAnalytics are trademarks or registered trademarks of Informatica Corporation. All other company and product names may be trademarks of their respective owners.
For more information please contact:
Investor Contact: Tara Calhoun Director, Investor Relations Informatica Corporation (650) 251-7025 tcalhoun@informatica.com
Media Contact: Samantha Moore Manager, PR Informatica Corporation (650) 687-6361 smoore@informatica.com
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