WASHINGTON (dpa-AFX) - Informatica Corp. (INFA), said Thursday its third-quarter earnings grew 20 percent from last year as demand for its data integration software resulted in double-digit sales growth. The company's quarterly earnings as well as sales topped Wall Street estimates.
Informatica said GAAP net income for the third quarter increased to $27 million or $0.24 per share from $22.5 million or $0.21 per share last year.
Excluding items, non-GAAP net income for the quarter was $38 million or $0.34 per share, compared to $29.4 million or $0.28 per share a year ago.
On average, 18 analysts polled by Thomson Reuters expected earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.
The Redwood City, California-based company's quarterly sales grew 21 percent to $196 million from $161.3 million last year. Wall Street analysts expected sales of $195.39 million for the quarter.
GAAP operating margin for the quarter slid 1 percent to 19 percent from last year, while non-GAAP margin improved to 27 percent from 26 percent.
INFA closed Thursday's regular session at $45.00, down $1.13 or 2.45%, on a volume of 2.6 million shares on the Nasdaq.
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