Informatica’s share of pre-conference trading rose 4% as the data management and software company posted earnings and reported higher-than-expected earnings.
Net income stood at $ 2.7 million, or 1 cent per share, after losses of $ 32.3 million, or 13 cents a share, a year ago.
Excluding extraordinary items, adjusted earnings per share rose to 23 cents from 16 cents, compared with estimates for 14 cents.
Total revenue rose 10.6% to $ 361.8 million, compared with estimates for $ 360.1 million, as subscription revenue rose 30.6% to $ 193.7 million.
Revenue cost rose 3.7% to $ 80.6 million, while the gross margin improved by 140 basis points to 77.7%.
For the fourth quarter, the company expects revenue of $ 393.5-398.5 million, compared to estimates for $ 395 million.
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Source From: Capital
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