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What: Shares of Informatica
So what: Revenue fell slightly to $190.5 million compared with a year ago, in line with what analysts had expected. The company reported net income of $20.1 million, or $0.29 per share on an adjusted basis, which was a penny ahead of expectations.
Now what: Informatica has beaten expectations each of the last four quarters, and this quarter the numbers didn't beat expectations by much. I'm looking more at the falling revenue as a red flag right now, and considering the company's 2012 P/E ratio of 22, I think the stock is expensive. I'd like to see more value before jumping on this bounce or revenue growth at the very least.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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