Informatica 2Q profit rises 10 percent

Informatica Corp. said late Thursday its second-quarter profit increased 10 percent, driven by strong demand for its data integration software and services.

For the latest quarter ended June 30, the Redwood City, Calif., company reported earnings of $11.5 million, or 12 cents per share, compared with $10.5 million, or 11 cents per share, in the second quarter of last year.

Excluding charges and other items, Informatica's adjusted profit totaled $16.7 million, or 17 cents per share, up from $15.6 million, or 16 cents per share, a year earlier.

Revenue climbed 21 percent to $113.8 million from $94.3 million in the year-ago period.

Wall Street on average had expected the company to report a profit of 16 cents per share on $109.9 million in revenue, according to a survey of analysts by Thomson Financial. Analyst estimates typically exclude one-time gains and charges.

Informatica Chairman and Chief Executive Sohaib Abbasi said the company's "value proposition for information technology organizations to 'do more with less' has promoted even broader customer adoption of our products and services in the current macroeconomic environment."

The company's shares added 70 cents, or 4.7 percent, to $15.70 in afternoon trading Friday.