Informatica Corporation posts US$159mn in Q3 net profits, up 17%

- Friday, October 28, 2011

Informatica Corporation posts US$159mn in Q3 net profits, up 17%

US company Informatica Corporation has reported US$159mn in net profits for Q3, up 17% from the US$131mn registered a year ago.

The company's net revenues increased 21% year-on-year, to US$196mn. License sales were one of the key growth drivers, according to the company, totaling US$83.7mn, 20% more from 3Q10.

In the first nine months of the year, total revenues reached US$557mn, a 23% increase compared to US$452mn in the same period last year.

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Informatica also announced plans to expand its Bangalore business in India, with new installations. The unit is Informatica's largest professional team outside the US.