Revenues for the first quarter of 2002 were $48.5 million. On a GAAP basis, the net loss for the first quarter of 2002 was $0.3 million or $0.00 per share. Pro forma net income for the quarter was $0.1 million or $0.00 per share. Pro forma operating results discussed in this press release exclude charges related to the amortization of stock-based compensation and goodwill and other intangible assets. All of these expenses are included in our U.S. generally accepted accounting principles (GAAP) results.

Comparatively, first quarter 2002 revenues were down modestly from the $50.3 million recorded in the fourth quarter of 2001, and lower than the $54.9 million recorded in the first quarter of 2001. On a GAAP basis, the net loss in the first quarter of 2002 improved from the loss of $8.5 million or $0.11 per share recorded in the fourth quarter of 2001, and was also better than the prior year's quarterly net loss of $1.9 million or $0.02 per share. Pro forma net income for the quarter was a sequential increase over the pro forma net loss of $1.5 million or $0.02 per share reported in the fourth quarter of 2001, and down from the net income of $5.0 million or $0.06 per share for the first quarter of 2001.

“Informatica made good progress in the first quarter, successfully selling our complete business-analytics solution stack in an environment where IT spending remains conservative,” said Gaurav Dhillon, CEO of Informatica. “We've continued to build a strong business with our core data integration products, reinforcing our position as the undisputed market leader. Also, we gained momentum in our applications business with sales to several industry-leading companies this quarter.”

Significant milestones in the first quarter of 2002 included:

• Added 56 new companies as customers. Informatica grew its customer base this quarter to 1,521 companies with the addition of Acxiom, American Family Insurance, Canadian Ministry of Transportation, Guardian Life Insurance, Kemper, New York Times, Novartis Pharmaceuticals, PrimeCo, Toshiba TEC Corporation and U.S. Customs.
• Signed repeat business with 88 existing customers. Demonstrating confidence in their Informatica-based analytic solutions, repeat customers included AT&T Wireless Services, Boeing, British Airways, Deutsche Telecom, FedEx, Food & Drug Administration, General Electric, Lockheed Martin, Merrill Lynch, Michelin, NTT DoCoMo, Pfizer, Prudential, Sprint PCS, Sterling Commerce, Toyota Motor Sales, U.S. Army, US Postal Service, and Washington Mutual.
• Expanded partner ecosystem. Many of today's top providers of enterprise software now embed the Informatica data integration technology as a core component of their product offerings. One of these partners, i2, has expanded its existing relationship with Informatica to make Informatica's data integration technology a key component of its data integration architecture. Additionally, a new partnership has been formed with JD Edwards. This partner will embed Informatica's data integration technology within its applications as a core component of its integrated analytic solution for its customers.
• Shipped Web services version of delivery platform. Informatica embedded support for Web services into the latest release of its Informatica Analytics Delivery Platform. Available immediately, Web services support help Informatica customers easily deliver embedded real-time analytic content, including key metrics and analytic dashboards, to information consumers across and beyond the enterprise.
• Won prestigious industry awards for Informatica Applications. The eWEEK eXcellence Award program gave Informatica Applications its top honor in 2002, recognizing the product suite as a “breakthrough in enterprise computing.” Also, the Informatica Customer Relationship Analytics application won a Crossroads A-List Award for 2002. The Crossroads awards signal technologies that have achieved business results for early adopters and are ready for adoption by mainstream users.

Informatica provides business analytics software that enables decision makers to transform business insight into competitive advantage. Informatica offers the industry's only integrated business analytics suite, including an enterprise data integration platform, cross value chain analytic applications, and real-time delivery of analytics via Web, wireless and voice. More than 1,500 customers worldwide, including 60 percent of the Fortune 100, rely on Informatica software to integrate, analyze and deliver critical information to managers, executives and other decision makers to optimize business performance. For more information, call 1.650.385.5000 (1.800.970.1179 in the U.S.), or visit the Informatica Web site at http://www.informatica.com/

Informatica will be discussing its first quarter 2002 results on a conference call today beginning at 2:00 p.m. PST. A live Web cast of the conference call also will be available at http://www.informatica.com/investor Playback of the call and Web cast will be available through 4:00 p.m. EST on April 25, 2002. The playback phone number is 800.633.8284, reservation number #20502304.

                           INFORMATICA CORPORATION

               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                    (in thousands, except per share data)
                                 (unaudited)


                                                       Three Months Ended
                                                             March 31,
                                                     2002              2001
    Revenues:
       License                                     $26,514           $35,371
       Service                                      22,013            19,527
          Total revenues                            48,527            54,898

    Cost of revenues:
       License                                       1,386               444
       Service                                       9,871            11,131
          Total cost of revenues                    11,257            11,575

    Gross profit                                    37,270            43,323

    Operating expenses:
       Research and development                     11,911            11,058
       Sales and marketing                          21,760            23,352
       General and administrative                    4,797             4,902
          Total operating expenses                  38,468            39,312
    Operating income (loss) before amortization     (1,198)            4,011
       Amortization of stock-based compensation         73               356
       Amortization of goodwill and other
        intangible assets                              285             6,594
    Loss from operations                            (1,556)           (2,939)
    Interest income and other, net                   1,302             2,705
    Loss before income taxes                          (254)             (234)
    Income tax provision                                --             1,679

    Net loss                                         $(254)          $(1,913)

    Net loss per share:
       Basic and diluted                             $0.00            $(0.02)

    Weighted shares used to compute net
     loss per share:
       Basic and diluted                            78,963            76,628


    ProForma information, excluding
     amortization of stock-based
     compensation and amortization of
     goodwill and intangible assets:

    Net loss, GAAP basis                             $(254)          $(1,913)

       Amortization of stock-based compensation         73               356
       Amortization of goodwill and other
        intangible assets                              285             6,594

    Net income, as adjusted                           $104            $5,037

    Net income, as adjusted, per share:
       Basic                                         $0.00             $0.07
       Diluted                                       $0.00             $0.06

    Weighted shares used to compute net
      income, as adjusted, per share:
       Basic                                        78,963            76,628
       Diluted                                      83,455            84,437

    Notes:

    1. Informatica adopted FASB Staff Announcement Topic No. D-103 effective
       January 1, 2002.
       As a result, out-of-pocket expenses billed to a customer have been
       recorded as revenue versus an offset to the related expense. Prior
       period financial statements have been reclassified to conform to this
       presentation.
    2. Informatica adopted FAS 141 on Business Combinations and FAS 142 on
       Goodwill and Other Intangible Assets on January 1, 2002.  Under FAS
       142, goodwill and other intangible assets with indefinite lives are no
       longer amortized beginning January 1, 2002.


                           INFORMATICA CORPORATION

                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                (in thousands)
                                 (unaudited)


                                                  March 31,       December 31,
                                                    2002              2001
    ASSETS

    Current assets:
       Cash and cash equivalents                  $109,091           $131,264
       Short-term investments                       62,680             16,057
       Accounts receivable, net                     27,950             29,131
       Prepaid expenses and other current assets     3,778              7,061
            Total current assets                   203,499            183,513

    Property and equipment, net                     54,151             53,180
    Long-term investments                           44,303             61,898
    Restricted cash                                 12,166             12,166
    Goodwill and other intangible assets, net       30,936             31,221
    Other assets                                       722                925
            Total assets                          $345,777           $342,903

    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current liabilities:
       Accounts payable and other
        current liabilities                        $35,432            $36,609
       Deferred revenue                             39,431             36,554
       Restructuring charges                         3,357              4,136
            Total current liabilities               78,220             77,299

    Restructuring charges, less current portion      4,605              5,196

    Stockholders' equity                           262,952            260,408
            Total liabilities and
             stockholders' equity                 $345,777           $342,903