Earnings Preview: Informatica Corp.

Jul.22.09 | About: Informatica Corporation (INFA)

Informatica Corp. (NASDAQ:INFA) is expected to report Q2 earnings after the market close on Thursday, July 23 with a conference call scheduled for 5 pm ET.

Guidance

The consensus estimate is 19c for EPS and $117.73M for revenue, according to First Call.

Analyst Views

Roth Capital believes that the positive trends Informatica saw in late March continued through the June quarter, making an upside scenario likely; looking forward to next year, they expect that the new version 9 product will be a positive driver. Roth estimates Q2 revenue at $119M, slightly above consensus. The firm is also modeling $49M in license fees, $53.5M of maintenance revenue, and $16.5M of consulting revenue. Roth's pro-forma EPS estimate of 20c is a penny above consensus. For Q3, the firm is modeling revenue of $120M and 20c in EPS, versus consensus of $121.34M and 20c. Key issues for the conference call: any commentary regarding outlook or guidance; prospects for $1M-plus deals; commentary on competition from IBM (NYSE:IBM), and prospects for stronger future competition from Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL), and SAP (NYSE:SAP). Broadpoint AmTech's checks around the beginning of July indicated Informatica ended Q2 on a positive note. The firm believes the company could top expectations in Q2.