Informatica 8-K Informatica Reports Record Second Quarter Revenues and Earnings

Exhibit 99.1

Contacts:	Debbie Walery	Stephanie Wakefield
	Public Relations	Senior Director, Investor Relations
	+ 1 650 385 5735	+1 650 385 5261
	dwalery@informatica.com	swakefield@informatica.com

INFORMATICA REPORTS RECORD SECOND QUARTER REVENUES AND
EARNINGS

Achieves Second Quarter Record GAAP Operating Margin of 15 Percent and Non-GAAP
Operating Margin of 23 Percent

REDWOOD CITY, Calif., July 23, 2009 — Informatica Corporation (NASDAQ: INFA), the leading independent provider of enterprise data integration software and services, today announced financial results for the second quarter ended June 30, 2009.

     Revenues for the second quarter of 2009 were $117.3 million, up three percent from the $113.8 million recorded in the second quarter of 2008. License revenues for the second quarter were $48.7 million, compared to $48.5 million recorded in the second quarter of 2008. Total revenues were negatively impacted by currency fluctuations. Using currency exchange rates from the second quarter of 2008, total revenues would have been $6.5 million higher in the second quarter of 2009.

     Income from operations for the second quarter of 2009, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was a second quarter record $17.1 million or 15 percent of revenue, up 17 percent from $14.6 million in the second quarter of 2008. GAAP net income for the second quarter of 2009 was $12.0 million or $0.13 per diluted share, in comparison to $11.5 million or $0.12 per diluted share in the second quarter of 2008. For the three-month periods ended June 30, 2009 and June 30, 2008, earnings per diluted share was calculated on an “if converted” basis, including the add-back of $1.0 and $1.1 million, respectively, of interest and convertible notes issuance cost amortization, net of income taxes.

     Non-GAAP income from operations for the second quarter of 2009 was $26.5 million or 23 percent of revenue, up 22 percent from $21.7 million in the second quarter of 2008. Non-GAAP net income for the second quarter of 2009 was $18.7 million or $0.19 per diluted share, up 12 percent from $16.7 million or $0.17 per diluted share in the second quarter of 2008. Non-

GAAP income from operations and non-GAAP net income exclude charges and tax benefits related to the amortization of acquired technology and intangible assets, facilities restructurings, purchased in-process research and development, and share-based payments. A reconciliation of GAAP results to non-GAAP results is included below.

     For the six-month period ended June 30, 2009, revenues were $226.4 million, an increase of four percent from the $217.5 million recorded for the first six months of 2008. License revenues for the first six months of 2009 were $92.8 million, up from $92.7 million in the first six months of 2008. GAAP net income for the first six months of 2009 was $23.0 million or $0.25 per diluted share, up from $22.7 million or $0.24 per diluted share in the first six months of 2008. Non-GAAP net income for the first six months of 2009 was $35.8 million or $0.37 per diluted share, up over 10 percent from $32.4 million or $0.33 per diluted share in the first six months of 2008. For the six-month periods ended June 30, 2009 and June 30, 2008, earnings per diluted share is calculated on an “if converted” basis, including the add-back of $2.1 and $2.2 million, respectively, of interest and convertible notes issuance cost amortization, net of income taxes.

     “Our sustained record results over the previous five years, despite the unprecedented macroeconomic challenges, underscore the merits of our focused strategy to establish Informatica as the number one independent leader in the data integration market,” said Sohaib Abbasi, chairman and CEO of Informatica. “I would like to recognize the Informatica team for their exemplary operational discipline.”

Significant milestones achieved since April 2009 include:

• Signed repeat business with 237 customers.Customers continue to derive considerable value from their investments in Informatica solutions. Repeat customers included Alliant Energy, Allergan, Bank of America, Cadbury Adams, Deutsche Post, Harvard Business School, Maryland Department of Education and Safaricom.

• Added 65 new customers.Informatica increased its customer base this quarter to 3,793 companies including 65 new Informatica customers and 64 customers added through the AddressDoctor acquisition. New customers include China Southern Power Grid, Comprehensive Health Management, Directorate General of Immigration Indonesia, Friends Provident Management Services, Japan Post, Sterling Health Plans and Swire Beverage.

• Announced PowerCenter Cloud Edition and Informatica On Demand PowerCenter Service. PowerCenter Cloud Edition enables IT departments to deploy PowerCenter on Amazon’s Elastic Computing Cloud (Amazon EC2) infrastructure to integrate data managed by Amazon EC2, other cloud computing vendors and even on-premise applications.

• Acquired AddressDoctorto advance Data Quality leadership by adding premier global address validation capabilities covering more than 200 countries and territories. With AddressDoctor, Informatica customers gain global address validation as part of a comprehensive data quality product offering.

• Positioned in the Leaders Quadrant in the Gartner 2009 Data Quality Tools Magic Quadrant.According to the report, “the market for data quality tools continues to enjoy significant growth despite challenging economic conditions and the general curtailment of IT budgets. Organizations are aware that data quality competence is fundamental to the success of critical initiatives such as master data management (MDM), information governance, business intelligence (BI) and IT modernization.”

• Announced Ninth Annual Innovation Awards.2009 winners were recognized for achieving exemplary business value and showcasing operational efficiencies through their use of the Informatica Data Integration Platform. The overall winner for 2009 was Carnival Cruise Lines for “A Strategic Approach to Data Integration.” Additional winners include Australian Department of Innovation, Industry, Science and Research (DIISR), Australian Pharmaceutical Industry, Avaya, Bax Global/Schenker, BNSF, Centene, Duke Energy, ICICI Prudential Life Insurance Company, NBC Universal, Smith & Nephew and Zyme Solutions.

• Received certification for Informatica’s Application Information Lifecycle Management solutions for Data Archiving on the Hitachi Content Archive Platform. The Hitachi and Informatica relationship provides customers with a cost-effective way to archive, store and retrieve business critical information.

• Informatica CFO Earl Fry recognized as Finance Executive of the Year 2009.Mr. Fry was awarded Stevie Awards in the 7^th annual American Business Awards and in the 6^th annual International Business Awards in recognition of his contributions to Informatica’s growth and his exceptional financial stewardship.

Conference Call and Webcast

Informatica will discuss its second quarter 2009 results on a conference call today beginning at 2:00 p.m. PDT. A live Webcast of the conference call will be available at http://www.informatica.com/investor. A replay of the call will also be available by dialing 617-801-6888, reservation number 41395997.

About Informatica

Informatica Corporation (NASDAQ: INFA) is the world’s number one independent leader in data integration software. The Informatica Platform provides corporations with a comprehensive, unified, open and economical approach to lower IT costs and gain competitive advantage from their information assets. More than 3,700 companies worldwide rely on Informatica to access, integrate and trust their information assets held in the traditional enterprise and in the internet cloud. For more information, call +1-650-385-5000 (1-800-653-3871 in the U.S.) or visit www.informatica.com.

INFORMATICA CORPORATION
GAAP TO NON-GAAP RESULTS
(in thousands, except per share data)
(unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2009			2008			2009			2008
GAAP Net income	$	11,989		$	11,503		$	23,048		$	22,727
Plus:
Amortization of acquired technology		1,859			951			3,416			1,571
Amortization of intangible assets		2,434			993			4,485			1,355
Facilities restructuring charges		595			921			1,404			1,868
Purchased in-process research and development		—			390			—			390
Share-based payments		4,564			3,832			8,763			7,946
Tax benefit of amortization of intangible assets and restructuring charges		(1,821	)		(1,049	)		(3,474	)		(1,801	)
Tax benefit of purchased in-process research and development		—			(152	)		—			(152	)
Tax benefit of share-based payments		(958	)		(694	)		(1,847	)		(1,496	)
Non-GAAP Net income	$	18,662		$	16,695		$	35,795		$	32,408

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2009			2008			2009			2008
Diluted net income per share: *
Diluted GAAP Net income per share	$	0.13		$	0.12		$	0.25		$	0.24
Plus:
Amortization of acquired technology		0.02			0.01			0.03			0.01
Amortization of intangible assets		0.02			0.01			0.04			0.01
Facilities restructuring charges		0.01			0.01			0.01			0.02
Purchased in-process research and development		—			—			—			—
Share-based payments		0.04			0.04			0.09			0.08
Tax benefit of amortization of intangible assets and
restructuring charges		(0.02	)		(0.01	)		(0.03	)		(0.02	)
Tax benefit of purchased in-process research and development		—			—			—			—
Tax benefit of share-based payments		(0.01	)		(0.01	)		(0.02	)		(0.01	)
Diluted Non-GAAP Net income per share	$	0.19		$	0.17		$	0.37		$	0.33
Shares used in computing diluted GAAP Net income per share		100,692			104,457			101,019			104,403
Shares used in computing diluted Non-GAAP Net income per share		102,038			104,898			101,902			104,925

* Diluted EPS is calculated under the “if converted” method for the three and six months ended June 30, 2009 and 2008. This includes the add-back of interest and convertible notes issuance cost amortization, net of applicable income taxes of $1.0 and $1.1 million for the three months ended June 30, 2009 and 2008, respectively, and $2.1 and $2.2 million for the six months ended June 30, 2009 and 2008, respectively.

Non-GAAP Financial Information

To supplement the Company’s condensed consolidated financial statements presented on a GAAP basis, Informatica uses non-GAAP financial measures of net income, income from operations and net income per share. These measures are adjusted to exclude the charges and expenses discussed above. The Company believes the disclosure of such non-GAAP financial measures is appropriate to enhance an overall understanding of its historical financial performance. These adjustments to the Company’s GAAP results are made with the intent of

providing both management and investors a more complete understanding of the Company’s underlying operational results, trends, and marketplace performance. Informatica believes that the inclusion of these non-GAAP financial measures provides consistency and comparability with its historical financial results, as well as comparability to similar companies in the Company’s industry, many of which present similar non-GAAP financial measures to investors. In addition, these non-GAAP financial measures are among the primary indicators management uses as a basis for its planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income, income from operations, or net income per share prepared in accordance with GAAP in the U.S.

Forward Looking Statements

This press release contains forward-looking statements relating to Informatica’s opportunity for growth in the data integration market, Informatica’s acquisition of AddressDoctor, expected benefits to our customers and products and assumptions regarding product release and service availability. Such statements involve risks and uncertainties, and actual results may differ materially from the results described in this press release.  The potential risks and uncertainties that could cause actual results to differ include, among others, risks related to (1) competition with larger companies that have longer operating histories and greater financial, technical, marketing, and other resources; (2) uncertainty in the state of IT spending and the continued growth in the market for data integration solutions in general; (3) successful integration of AddressDoctor’s products and employees and the achievement of expected synergies; (4) lack of control regarding our strategic partners’ devotion of adequate resources to promote, sell, implement, and support our products; and (5) delays or changes in announced product and service functionality. Additional risks and uncertainties are included under the caption “Risk Factors” in Informatica’s report on Form 10-Q for the quarter ended March 31, 2009, which are on file with the SEC and are available on the Company’s investor relations website at http://www.informatica.com/.  All information provided in this release is as of July 23, 2009 and Informatica undertakes no duty to update this information.

###

Note:Informatica, PowerCenter Cloud Edition, Informatica On Demand PowerCenter ServiceandAddressDoctorare trademarks or registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
(unaudited)

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2009			2008		2009		2008
Revenues:
License	$	48,730		$	48,523	$	92,789	$	92,732
Service		68,614			65,237		133,613		124,738
Total revenues		117,344			113,760		226,402		217,470
Cost of revenues:
License		628			897		1,376		1,590
Service		18,374			21,380		36,846		41,165
Amortization of acquired technology		1,859			951		3,416		1,571
Total cost of revenues		20,861			23,228		41,638		44,326
Gross profit		96,483			90,532		184,764		173,144
Operating expenses:
Research and development		18,928			18,497		37,111		36,221
Sales and marketing		46,444			45,966		87,882		88,753
General and administrative		10,995			9,146		21,801		17,515
Amortization of intangible assets		2,434			993		4,485		1,355
Facilities restructuring charges		595			921		1,404		1,868
Purchased in-process research and development		—			390		—		390
Total operating expenses		79,396			75,913		152,683		146,102
Income from operations		17,087			14,619		32,081		27,042
Interest income and other, net		(7	)		1,765		879		5,323
Income before income taxes	17,080				16,384		32,960		32,365
Income tax provision		5,091			4,881		9,912		9,638
Net income	$	11,989		$	11,503	$	23,048	$	22,727
Basic net income per common share	$	0.14		$	0.13	$	0.26	$	0.26
Diluted net income per common share (1)	$	0.13		$	0.12	$	0.25	$	0.24
Shares used in computing basic net income per common share		87,198			88,565		87,378		88,347
Shares used in computing diluted net income per common share		100,692			104,457		101,019		104,403

(1) Diluted EPS is calculated under the “if converted” method for the three and six months ended June 30, 2009 and 2008. This includes the add-back of interest and convertible notes issuance cost amortization, net of applicable income taxes of $1.0 and $1.1 million for the three months ended June 30, 2009 and 2008, respectively, and $2.1 and $2.2 million for the six months ended June 30, 2009 and 2008, respectively.

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

	June 30,		December 31,
	2009		2008
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	134,220	$	179,874
Short-term investments		287,101		281,055
Accounts receivable, net of allowances of $3,127 and $2,558 respectively		78,896		87,492
Deferred tax assets		23,777		22,336
Prepaid expenses and other current assets		13,848		12,498
Total current assets		537,842		583,255
Property and equipment, net		8,260		9,063
Goodwill and intangible assets, net		321,541		254,592
Long-term deferred tax assets		2,550		7,294
Other assets		8,414		8,908
Total assets	$	878,607	$	863,112
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current liabilities	$	79,659	$	71,282
Accrued facilities restructuring charges		20,476		19,529
Deferred revenues		122,656		120,892
Total current liabilities		222,791		211,703
Convertible senior notes		201,000		221,000
Accrued facilities restructuring charges, less current portion		39,007		44,939
Long-term deferred revenues		5,269		8,847
Long-term income taxes payable		12,721		20,668
Stockholders’ equity		397,819		355,955
Total liabilities and stockholders’ equity	$	878,607	$	863,112

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)

	Six Months Ended
	June 30,
	2009			2008
Operating activities:
Net income	$	23,048		$	22,727
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,698			2,813
Allowance for doubtful accounts and sales returns allowance		297			215
Gain on early extinguishment of debt		(337	)		—
Share-based payments		8,763			7,946
Deferred income taxes		(402	)		(1,377	)
Tax benefits from stock option plans		2,552			5,124
Excess tax benefits from share-based payments		(1,366	)		(4,375	)
Amortization of intangible assets and acquired technology		7,901			2,926
In-process research and development		—			390
Non-cash facilities restructuring charges		1,404			1,868
Other non-cash items		116			(128	)
Changes in operating assets and liabilities:
Accounts receivable		10,538			14,618
Prepaid expenses and other assets		(1,289	)		(14,718	)
Accounts payable and other current liabilities		(9,330	)		645
Income taxes payable		(554	)		1,309
Accrued facilities restructuring charges		(6,308	)		(6,036	)
Deferred revenues		(5,779	)		7,891
Net cash provided by operating activities		31,952			41,838
Investing activities:
Purchases of property and equipment		(1,800	)		(1,921	)
Purchases of investments		(222,874	)		(152,784	)
Payment of investment in equity interests		—			(3,000	)
Maturities and sales of investments		216,532			206,625
Business acquisitions, net of cash acquired		(58,963	)		(79,844	)
Transfer from restricted cash		—			12,016
Net cash used in investing activities		(67,105	)		(18,908	)
Financing activities:
Net proceeds from issuance of common stock		13,793			18,782
Repurchases and retirement of common stock		(9,021	)		(15,838	)
Repurchases of convertible senior notes		(19,200	)		—
Excess tax benefits from share-based payments		1,366			4,375
Net cash provided by (used in) financing activities		(13,062	)		7,319
Effect of foreign exchange rate changes on cash and cash equivalents		2,561			1,244
Net increase (decrease) in cash and cash equivalents		(45,654	)		31,493
Cash and cash equivalents at beginning of period		179,874			203,661
Cash and cash equivalents at end of period	$	134,220		$	235,154

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
(unaudited)

	Three Months Ended									Three Months Ended
	June 30, 2009									June 30, 2008
	GAAP			Adjustments (a)			Non-GAAP			GAAP		Adjustments (a)			Non-GAAP
Revenues:
License	$	48,730		$	—		$	48,730		$	48,523	$	—		$	48,523
Service		68,614			—			68,614			65,237		—			65,237
Total revenues		117,344			—			117,344			113,760		—			113,760
Cost of revenues:
License		628			—			628			897		—			897
Service		18,374			(583	) (b)		17,791			21,380		(493	) (b)		20,887
Amortization of acquired technology		1,859			(1,859	)		—			951		(951	)		—
Total cost of revenues		20,861			(2,442	)		18,419			23,228		(1,444	)		21,784
Gross profit		96,483			2,442			98,925			90,532		1,444			91,976
Operating expenses:
Research and development		18,928			(1,173	) (b)		17,755			18,497		(966	) (b)		17,531
Sales and marketing		46,444			(1,578	) (b)		44,866			45,966		(1,230	) (b)		44,736
General and administrative		10,995			(1,230	) (b)		9,765			9,146		(1,143	) (b)		8,003
Amortization of intangible assets		2,434			(2,434	)		—			993		(993	)		—
Facilities restructuring charges		595			(595	)		—			921		(921	)		—
Purchased in-process research and development		—			—			—			390		(390	)		—
Total operating expenses		79,396			(7,010	)		72,386			75,913		(5,643	)		70,270
Income from operations		17,087			9,452			26,539			14,619		7,087			21,706
Interest income and other, net		(7	)		—			(7	)		1,765		—			1,765
Income before income taxes		17,080			9,452			26,532			16,384		7,087			23,471
Income tax provision		5,091			2,779			7,870			4,881		1,895			6,776
Net income	$	11,989		$	6,673		$	18,662		$	11,503	$	5,192		$	16,695
Net income per share:
Basic	$	0.14					$	0.21		$	0.13				$	0.19
Diluted (c)	$	0.13					$	0.19		$	0.12				$	0.17
Weighted shares used to compute net income per share:
Basic		87,198						87,198			88,565					88,565
Diluted		100,692			1,346	(d)		102,038			104,457		441	(d)		104,898

(a) The following table summarizes the Non-GAAP adjustments for the respective periods presented:

	Three Months Ended
	June 30,
	2009			2008
Net income, GAAP basis	$	11,989		$	11,503
Amortization of acquired technology		1,859			951
Amortization of intangible assets		2,434			993
Facilities restructuring charges		595			921
Purchased in-process research and development		—			390
Share-based payments		4,564			3,832
Tax benefit for amortization of intangible assets and restructuring charges		(1,821	)		(1,049	)
Tax benefit of purchased in-process research and development		—			(152	)
Tax benefit of share-based payments		(958	)		(694	)
Net income, Non-GAAP basis	$	18,662		$	16,695

(b)	This amount represents share-based payments.
(c)	Diluted EPS is calculated under the “if converted” method for the three months ended June 30, 2009 and 2008. This includes the add-back of interest and convertible notes issuance cost amortization, net of applicable income taxes of $1.0 and $1.1 million for the three months ended June 30, 2009 and 2008, respectively.
(d)	Anti-diluted shares generated from the unrecognized share-based payments under the “treasury stock method” have been added back to the non-GAAP diluted weighted shares due to non-GAAP results excluding the share-based payments.

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
(unaudited)

	Six Months Ended							Six Months Ended
	June 30, 2009							June 30, 2008
	GAAP		Adjustments (a)			Non-GAAP		GAAP		Adjustments (a)			Non-GAAP
Revenues:
License	$	92,789	$	—		$	92,789	$	92,732	$	—		$	92,732
Service		133,613		—			133,613		124,738		—			124,738
Total revenues		226,402		—			226,402		217,470		—			217,470
Cost of revenues:
License		1,376		—			1,376		1,590		—			1,590
Service		36,846		(1,114	) (b)		35,732		41,165		(1,039	) (b)		40,126
Amortization of acquired technology		3,416		(3,416	)		—		1,571		(1,571	)		—
Total cost of revenues		41,638		(4,530	)		37,108		44,326		(2,610	)		41,716
Gross profit		184,764		4,530			189,294		173,144		2,610			175,754
Operating expenses:
Research and development		37,111		(2,291	) (b)		34,820		36,221		(2,030	) (b)		34,191
Sales and marketing		87,882		(2,945	) (b)		84,937		88,753		(2,603	) (b)		86,150
General and administrative		21,801		(2,413	) (b)		19,388		17,515		(2,274	) (b)		15,241
Amortization of intangible assets		4,485		(4,485	)		—		1,355		(1,355	)		—
Facilities restructuring charges		1,404		(1,404	)		—		1,868		(1,868	)		—
Purchased in-process research and development		—		—			—		390		(390	)		—
Total operating expenses		152,683		(13,538	)		139,145		146,102		(10,520	)		135,582
Income from operations		32,081		18,068			50,149		27,042		13,130			40,172
Interest income and other, net		879		—			879		5,323		—			5,323
Income before income taxes		32,960		18,068			51,028		32,365		13,130			45,495
Income tax provision		9,912		5,321			15,233		9,638		3,449			13,087
Net income	$	23,048	$	12,747		$	35,795	$	22,727	$	9,681		$	32,408
Net income per share:
Basic	$	0.26				$	0.41	$	0.26				$	0.37
Diluted (c)	$	0.25				$	0.37	$	0.24				$	0.33
Weighted shares used to compute net income per share:
Basic		87,378					87,378		88,347					88,347
Diluted		101,019		883	(d)		101,902		104,403		522	(d)		104,925

(a) The following table summarizes the Non-GAAP adjustments for the respective periods presented:

	Six Months Ended
	June 30,
	2009			2008
Net income, GAAP basis	$	23,048		$	22,727
Amortization of acquired technology		3,416			1,571
Amortization of intangible assets		4,485			1,355
Facilities restructuring charges		1,404			1,868
Purchase in-process research and development		—			390
Share-based payments		8,763			7,946
Tax benefit for amortization of intangible assets and restructuring charges		(3,474	)		(1,801	)
Tax benefit of purchased in-process research and development		—			(152	)
Tax benefit of share-based payments		(1,847	)		(1,496	)
Net income, Non-GAAP basis	$	35,795		$	32,408

(b)	This amount represents share-based payments.
(c)	Diluted EPS is calculated under the “if converted” method for the six months ended June 30, 2009 and 2008. This includes the add-back of of interest and convertible notes issuance cost amortization, net of applicable income taxes of $2.1 million and $2.2 million for the six months ended June 30, 2009 and 2008, respectively.
(d)	Anti-diluted shares generated from the unrecognized share-based payments under the “treasury stock method” have been added back to the non-GAAP diluted weighted shares due to non-GAAP results excluding the share-based payments.