WASHINGTON (dpa-AFX) - Informatica Corp. (INFA) Thursday reported a decline in profit for the first quarter, due mainly to lower revenues and higher operating expenses.
The Redwood City, California-based company's first-quarter net income was $17.9 million or $0.16 per share, compared to $26.5 million or $0.24 per share in the comparable quarter last year.
Adjusted income for the quarter totaled $0.31 per share. On average, 23 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose 9 percent to $214.3 million from $196.0 million in the prior-year quarter, while twenty three analysts had a consensus revenue estimate of $202.23 million for the quarter.
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