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INFORMATICA ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS
PALO ALTO, Calif., July 2, 2001 – Informatica Corporation (NASDAQ: INFA), the leading provider of business analytic solutions, today announced preliminary financial results for the second quarter ended June 30, 2001. Based upon preliminary information, revenue for the quarter is expected to be approximately $47 million, and pro forma net loss is expected to be approximately $1 million, or $0.01 per diluted share, excluding non-operating charges of approximately $7 million related to the amortization of goodwill, other intangible assets and stock-based compensation. These preliminary results are based on management's initial analysis of second quarter operating results.
“During the quarter we continued to see softness in the U.S. economy and further slowing in Europe, both of which had an impact on our closure rates,” said Gaurav Dhillon, chief executive officer. “While we are cautious about the overall market recovery, we remain optimistic about the solid fundamentals of our underlying business model, and our market position remains strong.”
Informatica will host a conference call at 2:30 p.m. (PDT) today to discuss the preliminary second quarter results. There will be a live webcast of the call available at the company's website at www.informatica.com/investor. A replay will be available via webcast on the investor relations section of the company's website or by calling 800-633-8284 in the U.S. or 858-812-6440 internationally. The reference number is #19293948. Informatica will announce its final results for the second quarter after market close on July 19, 2001. Forward-Looking Statements
This press release contains forward-looking statements, including forward-looking statements regarding revenues and earnings the Company expects to report for the second quarter of 2001, statements concerning future visibility and statements concerning the outlook and prospects for the company and the industry. These and other statements that relate to future results and events are based on the company's current expectations. Actual results for the second quarter of 2001 and in future periods may differ materially because of a number of risks and uncertainties, including any accounting adjustments made during the close of the Company's quarter, continuing uncertainty regarding global economic conditions, the pace of IT capital spending, the level of demand for the company's products, acceptance of the company's new products, and the intensity of competition. These factors and others are outlined in our Annual Report on Form 10-K for the year ended December 31, 2000 and in our report on Form 10-Q for our quarter ended March 30, 2001. Informatica assumes no duty to update any of the forward-looking statements in this release.
About Informatica Informatica provides business analytic solutions that enable companies to leverage business insight for competitive advantage. More than 1,200 global customers, including over half of the Fortune 100, leverage the Informatica Insight Network to integrate, analyze and personalize critical business information to improve business performance and responsiveness across the entire business value chain. Informatica products include a comprehensive family of analytic applications, the industry's most powerful data integration platform and a wide range of supporting services and partnerships. The company's list of leading customers includes 3Com, AMD, American Airlines, BMW, Boeing, Borders Group, Chevron, Cisco, CNET, Deutsche Bank, eBay, General Electric, Hewlett-Packard, Merck, Merrill Lynch, MetLife, Motorola, Philips, Polo Ralph Lauren, Sprint and UBS. For more information, call 1.800.970.1179, or visit the Informatica Web site at http://www.informatica.com/
NOTE: Informatica is a trademark or registered trademark of Informatica Corporation. All other product names are trademarks or registered trademarks of their respective companies.
Contacts:
Deborah Cromer
Vice President, Communications
Informatica Corporation
Tara Calhoun
Director, Investor Relations Informatica Corporation (650) 687-7025 ir@informatica.com
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