Informatica 8-K Informatica Reports Record Third Quarter License Revenues, Total Revenues and Earnings

Exhibit 99.1

Contacts:	Debbie O’Brien	Stephanie Wakefield
	Corporate Communications	Investor Relations
	+ 1 650 385 5735	+1 650 385 5261
	dobrien@informatica.com	swakefield@informatica.com

INFORMATICA REPORTS RECORD THIRD QUARTER LICENSE REVENUES,
TOTAL REVENUES AND EARNINGS

Achieves Third Quarter Record GAAP Operating Margin of 18 Percent and Non-GAAP
Operating Margin of 25 Percent

REDWOOD CITY, Calif., October 22, 2009 — Informatica Corporation (NASDAQ: INFA), the world’s number one independent provider of data integration software, today announced financial results for the third quarter ended September 30, 2009.

     Revenues for the third quarter of 2009 were $123.4 million, up eight percent from the $113.8 million recorded in the third quarter of 2008. License revenues for the third quarter were $50.0 million, up nine percent from the $45.8 million recorded in the third quarter of 2008. Income from operations for the third quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $22.3 million, up 26 percent from $17.7 million in the third quarter of 2008. GAAP net income for the third quarter was $16.2 million or $0.17 per diluted share, up 21 percent from $13.4 million or $0.14 per diluted share in the third quarter of 2008. For the three-month periods ended September 30, 2009 and September 30, 2008, earnings per diluted share was calculated on an “if converted” basis, including the add-back of $1.0 million and $1.1 million, respectively, of interest and convertible notes issuance cost amortization, net of income taxes.

     Non-GAAP income from operations for the third quarter of 2009 was $30.9 million, up 22 percent from $25.4 million in the third quarter of 2008. Non-GAAP net income for the third quarter of 2009 was $22.3 million or $0.22 per diluted share, up over 15 percent from $18.9 million or $0.19 per diluted share in the third 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, patent contingency accrual reversals and share-based payments. A reconciliation of GAAP results to non-GAAP results is included below.

     For the nine-month period ended September 30, 2009, revenues were $349.8 million, up six percent from the $331.3 million recorded for the first nine months of 2008. License revenues for the first nine months of 2009 were $142.8 million, up three percent from $138.6 million in the first nine months of 2008. GAAP income from operations for the first nine months of 2009 was $54.4 million, up 22 percent from $44.7 million in the first nine months of 2008. GAAP net income for the first nine months of 2009 was $39.2 million or $0.41 per diluted share, up over seven percent from $36.1 million or $0.38 per diluted share in the first nine months of 2008. Non-GAAP income from operations for the first nine months of 2009 was $81.0 million, up 23 percent from $65.6 million in the first nine months of 2008. Non-GAAP net income for the first nine months of 2009 was $58.1 million or $0.59 per diluted share, up 13 percent from $51.3 million or $0.52 per diluted share in the first nine months of 2008. For the nine-month periods ended September 30, 2009 and September 30, 2008, earnings per diluted share is calculated on an “if converted” basis, including the add-back of $3.1 and $3.3 million, respectively, of interest and convertible notes issuance cost amortization, net of income taxes.

     “With our time-tested strategy and the team’s proven operational discipline, Informatica has attained sustained record results over the past five years,” said Sohaib Abbasi, chairman and CEO of Informatica. “In 2010, with improving macroeconomic conditions, Informatica is well positioned for strong growth through relentless innovation that delivers compelling business value to our customers.”

Significant milestones achieved since July 2009 include:

• Signed repeat business with 237 customers.Customers continue to derive considerable value from their investments in Informatica solutions. Repeat customers included ACH Food Companies, Cincinnati Children’s Hospital, CVS Pharmacy, Electronic Arts, ING Continental Europe, Ministerie van Defensie, Paramount Pictures and Vivo Celular.

• Added 64 new customers.Informatica increased its customer base this quarter to 3,857 companies. New customers include APS Healthcare, Cyfrowy Polsat, China

Mobile Jiangsu, Hachette Book Group, HDFC Bank, Ruby Tuesday, University of Michigan and VMware.

• Acquired Agent Logic.The acquisition expands Informatica’s addressable market with an additional high-growth, adjacent technology category — Complex Event Processing (CEP). The combination of CEP and data integration enables organizations to be more responsive, adaptable and agile.

• Expanded partnership with HP.Informatica and HP will deliver a new portfolio of integrated business intelligence solutions that help customers accelerate business decisions and optimize business performance by giving them access to more timely and accurate information.

• Partnered with Intel.Intel SOA Expressway will embed Informatica B2B Data Transformation for integrating and transforming data from legacy and proprietary formats to SWIFT and other payment networks, thus accelerating integration and messaging of financial industry information across disparate formats and systems.

• Earned top marks in Customer Loyalty in TNS Custom Research Data Integration Software survey.For the fourth consecutive year, Informatica earned top marks in Customer Loyalty in the 2009 Data Integration survey conducted by independent research firm TNS, a world leader in market insight and information.

Conference Call and Webcast
Informatica will discuss its third 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 32146396.

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
GAAP Net income	$	16,192		$	13,381		$	39,240		$	36,108
Plus:
Amortization of acquired technology		2,081			1,283			5,497			2,854
Amortization of intangible assets		2,754			1,502			7,239			2,857
Facilities restructuring charges		557			896			1,961			2,764
Purchased in-process research and development		—			—			—			390
Share-based payments		4,369			4,038			13,132			11,984
Patent contingency accrual reversal		(1,170	)		—			(1,170	)		—
Tax benefit of amortization of intangible assets and restructuring charges		(1,979	)		(1,420	)		(5,453	)		(3,221	)
Tax benefit of purchased in-process research and development		—			—			—			(152	)
Tax benefit of share-based payments		(940	)		(748	)		(2,787	)		(2,244	)
Tax effect of patent contingency accrual reversal		456			—			456			—
												��
Non-GAAP Net income	$	22,320		$	18,932		$	58,115		$	51,340

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2009			2008			2009			2008
Diluted net income per share: *
Diluted GAAP Net income per share	$	0.17		$	0.14		$	0.41		$	0.38
Plus:
Amortization of acquired technology		0.02			0.01			0.05			0.03
Amortization of intangible assets		0.02			0.01			0.07			0.03
Facilities restructuring charges		0.01			0.01			0.02			0.02
Purchased in-process research and development		—			—			—			—
Share-based payments		0.04			0.04			0.13			0.11
Patent contingency accrual reversal		(0.01	)		—			(0.01	)		—
Tax benefit of amortization of intangible assets and restructuring charges		(0.02	)		(0.01	)		(0.05	)		(0.03	)
Tax benefit of purchased in-process research and development		—			—			—			—
Tax benefit of share-based payments		(0.01	)		(0.01	)		(0.03	)		(0.02	)
Tax effect of patent contingency accrual reversal		—			—			—			—
Diluted Non-GAAP Net income per share	$	0.22		$	0.19		$	0.59		$	0.52
Shares used in computing diluted GAAP Net income per share		103,516			103,740			102,507			103,735
Shares used in computing diluted Non-GAAP Net income per share		104,936			104,435			103,535			104,640

* Diluted EPS is calculated under the “if converted” method for the three and nine months ended September 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 million and $1.1 million for the three months ended September 30, 2009 and 2008, respectively, and $3.1 million and $3.3 million for the nine months ended September 30, 2009 and 2008, respectively.

About Informatica
Informatica Corporation (NASDAQ: INFA) is the world’s number one independent provider of 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 3,850 enterprises 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 visitwww.informatica.com.

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 Agent Logic and expected benefits to our customers and products, efforts being conducted with strategic partners 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 Agent Logic’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 June 30, 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 October 22, 2009 and Informatica undertakes no duty to update this information.

# # #

Note:InformaticaandAgent Logicare registered trademarks 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					Nine Months Ended
	September 30,					September 30,
	2009			2008		2009		2008
Revenues:
License	$	49,981		$	45,846	$	142,770	$	138,578
Service		73,413			67,971		207,026		192,709
Total revenues		123,394			113,817		349,796		331,287
Cost of revenues:
License		648			722		2,024		2,312
Service		18,759			20,404		55,605		61,569
Amortization of acquired technology		2,081			1,283		5,497		2,854
Total cost of revenues		21,488			22,409		63,126		66,735
Gross profit		101,906			91,408		286,670		264,552
Operating expenses:
Research and development		19,978			18,263		57,089		54,484
Sales and marketing		47,484			43,667		135,366		132,420
General and administrative		8,845			9,412		30,646		26,927
Amortization of intangible assets		2,754			1,502		7,239		2,857
Facilities restructuring charges		557			896		1,961		2,764
Purchased in-process research and development		—			—		—		390
Total operating expenses		79,618			73,740		232,301		219,842
Income from operations		22,288			17,668		54,369		44,710
Interest income and other, net		(127	)		1,500		752		6,823
Income before income taxes		22,161			19,168		55,121		51,533
Income tax provision		5,969			5,787		15,881		15,425
Net income	$	16,192		$	13,381	$	39,240	$	36,108
Basic net income per common share	$	0.18		$	0.15	$	0.45	$	0.41
Diluted net income per common share (1)	$	0.17		$	0.14	$	0.41	$	0.38
Shares used in computing basic net income per common share		88,283			88,570		87,837		88,422
Shares used in computing diluted net income per common share		103,516			103,740		102,507		103,735

(1) Diluted EPS is calculated under the “if converted” method for the three and nine months ended September 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 million and $1.1 million for the three months ended September 30, 2009 and 2008, respectively, and $3.1 million and $3.3 million for the nine months ended September 30, 2009 and 2008, respectively.

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

	September 30,		December 31,
	2009		2008
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	138,457	$	179,874
Short-term investments		284,932		281,055
Accounts receivable, net of allowances of $3,522 and $2,558 respectively		83,625		87,492
Deferred tax assets		24,273		22,336
Prepaid expenses and other current assets		13,560		12,498
Total current assets		544,847		583,255
Property and equipment, net		8,042		9,063
Goodwill and intangible assets, net		356,377		254,592
Long-term deferred tax assets		2,481		7,294
Other assets		8,324		8,908
Total assets	$	920,071	$	863,112
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current liabilities	$	80,447	$	71,282
Accrued facilities restructuring charges		20,567		19,529
Deferred revenues		126,040		120,892
Total current liabilities		227,054		211,703
Convertible senior notes		201,000		221,000
Accrued facilities restructuring charges, less current portion		35,973		44,939
Long-term deferred revenues		6,033		8,847
Long-term income taxes payable		12,180		20,668
Stockholders’ equity		437,831		355,955
Total liabilities and stockholders’ equity	$	920,071	$	863,112

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

	Nine Months Ended
	September 30,
	2009			2008
Operating activities:
Net income	$	39,240		$	36,108
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		4,063			4,199
Allowance for doubtful accounts		221			742
Gain on early extinguishment of debt		(337	)		—
Share-based payments		13,132			11,984
Deferred income taxes		(3,421	)		(5,637	)
Tax benefits from share-based payments		2,631			7,067
Excess tax benefits from share-based payments		(2,812	)		(5,237	)
Amortization of intangible assets and acquired technology		12,736			5,711
Non-cash facilities restructuring charges		1,961			2,764
Other non-cash items		(44	)		636
Changes in operating assets and liabilities:
Accounts receivable		7,425			16,143
Prepaid expenses and other assets		(300	)		(10,022	)
Accounts payable and other current liabilities		(20,085	)		(7,363	)
Income taxes payable		5,709			2,788
Accrued facilities restructuring charges		(9,766	)		(9,222	)
Deferred revenues		(2,825	)		1,460
Net cash provided by operating activities		47,528			52,121
Investing activities:
Purchases of property and equipment		(2,037	)		(3,162	)
Purchases of investments		(306,577	)		(198,302	)
Purchase of investment in equity interest		—			(3,000	)
Purchase of patent		(2,420	)		—
Maturities and sales of investments		302,592			309,286
Business acquisitions, net of cash acquired		(86,024	)		(79,844	)
Transfer from restricted cash		—			12,016
Net cash provided by (used in) investing activities		(94,466	)		36,994
Financing activities:
Net proceeds from issuance of common stock		28,832			26,089
Repurchases and retirement of common stock		(9,021	)		(37,260	)
Repurchases of convertible senior notes		(19,200	)		—
Excess tax benefits from share-based payments		2,812			5,237
Net cash provided by (used in) financing activities		3,423			(5,934	)
Effect of foreign exchange rate changes on cash and cash equivalents		2,098			(5,222	)
Net increase (decrease) in cash and cash equivalents		(41,417	)		77,959
Cash and cash equivalents at beginning of period		179,874			203,661
Cash and cash equivalents at end of period	$	138,457		$	281,620

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

	Three Months Ended									Three Months Ended
	September 30, 2009									September 30, 2008
	GAAP			Adjustments		(a)	Non-GAAP			GAAP		Adjustments		(a)	Non-GAAP
Revenues:
License	$	49,981		$	—		$	49,981		$	45,846	$	—		$	45,846
Service		73,413			—			73,413			67,971		—			67,971
Total revenues		123,394			—			123,394			113,817		—			113,817
Cost of revenues:
License		648			—			648			722		—			722
Service		18,759			(510	)(b)		18,249			20,404		(495	)(b)		19,909
Amortization of acquired technology		2,081			(2,081	)		—			1,283		(1,283	)		—
Total cost of revenues		21,488			(2,591	)		18,897			22,409		(1,778	)		20,631
Gross profit		101,906			2,591			104,497			91,408		1,778			93,186
Operating expenses:
Research and development		19,978			(1,177	)(b)		18,801			18,263		(1,013	)(b)		17,250
Sales and marketing		47,484			(1,452	)(b)		46,032			43,667		(1,332	)(b)		42,335
General and administrative		8,845			(60	)(c)		8,785			9,412		(1,198	)(b)		8,214
Amortization of intangible assets		2,754			(2,754	)		—			1,502		(1,502	)		—
Facilities restructuring charges		557			(557	)		—			896		(896	)		—
Total operating expenses		79,618			(6,000	)		73,618			73,740		(5,941	)		67,799
Income from operations		22,288			8,591			30,879			17,668		7,719			25,387
Interest income and other, net		(127	)		—			(127	)		1,500		—			1,500
Income before income taxes		22,161			8,591			30,752			19,168		7,719			26,887
Income tax provision		5,969			2,463			8,432			5,787		2,168			7,955
Net income	$	16,192		$	6,128		$	22,320		$	13,381	$	5,551		$	18,932
Net income per share:
Basic	$	0.18					$	0.25		$	0.15				$	0.21
Diluted (d)	$	0.17					$	0.22		$	0.14				$	0.19
Weighted shares used to compute net income per share:
Basic		88,283						88,283			88,570					88,570
Diluted		103,516			1,420	(e)		104,936			103,740		695	(e)		104,435

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

	Three Months Ended
	September 30,
	2009			2008
Net income, GAAP basis	$	16,192		$	13,381
Amortization of acquired technology		2,081			1,283
Amortization of intangible assets		2,754			1,502
Facilities restructuring charges		557			896
Share-based payments		4,369			4,038
Patent contingency accrual reversal		(1,170	)		—
Tax benefit for amortization of intangible assets and restructuring charges		(1,979	)		(1,420	)
Tax benefit of share-based payments		(940	)		(748	)
Tax effect of patent contingency accrual reversal		456			—
Net income, Non-GAAP basis	$	22,320		$	18,932

(b)	Excluded amounts represent share-based payments.
(c)	Excluded amount consists of share-based payments of $1,230 and patent contingency accrual reversal of $(1,170) for the three months ended September 30, 2009.
(d)	Diluted EPS is calculated under the “if converted” method for the three months ended September 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 million and $1.1 million for the three months ended September 30, 2009 and 2008, respectively.
(e)	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)

	Nine Months Ended							Nine Months Ended
	September 30, 2009							September 30, 2008
	GAAP		Adjustments		(a)	Non-GAAP		GAAP		Adjustments		(a)	Non-GAAP
Revenues:
License	$	142,770	$	—		$	142,770	$	138,578	$	—		$	138,578
Service		207,026		—			207,026		192,709		—			192,709
Total revenues		349,796		—			349,796		331,287		—			331,287
Cost of revenues:
License		2,024		—			2,024		2,312		—			2,312
Service		55,605		(1,624	)(b)		53,981		61,569		(1,534	)(b)		60,035
Amortization of acquired technology		5,497		(5,497	)		—		2,854		(2,854	)		—
Total cost of revenues		63,126		(7,121	)		56,005		66,735		(4,388	)		62,347
Gross profit		286,670		7,121			293,791		264,552		4,388			268,940
Operating expenses:
Research and development		57,089		(3,468	)(b)		53,621		54,484		(3,043	)(b)		51,441
Sales and marketing		135,366		(4,397	)(b)		130,969		132,420		(3,935	)(b)		128,485
General and administrative		30,646		(2,473	)(c)		28,173		26,927		(3,472	)(b)		23,455
Amortization of intangible assets		7,239		(7,239	)		—		2,857		(2,857	)		—
Facilities restructuring charges		1,961		(1,961	)		—		2,764		(2,764	)		—
Purchased in-process research and development		—		—			—		390		(390	)		—
Total operating expenses		232,301		(19,538	)		212,763		219,842		(16,461	)		203,381
Income from operations		54,369		26,659			81,028		44,710		20,849			65,559
Interest income and other, net		752		—			752		6,823		—			6,823
Income before income taxes		55,121		26,659			81,780		51,533		20,849			72,382
Income tax provision		15,881		7,784			23,665		15,425		5,617			21,042
Net income	$	39,240	$	18,875		$	58,115	$	36,108	$	15,232		$	51,340
Net income per share:
Basic	$	0.45				$	0.66	$	0.41				$	0.58
Diluted (d)	$	0.41				$	0.59	$	0.38				$	0.52
Weighted shares used to compute net income per share:
Basic		87,837					87,837		88,422					88,422
Diluted		102,507		1,028	(e)		103,535		103,735		905	(e)		104,640

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

	Nine Months Ended
	September 30,
	2009			2008
Net income, GAAP basis	$	39,240		$	36,108
Amortization of acquired technology		5,497			2,854
Amortization of intangible assets		7,239			2,857
Facilities restructuring charges		1,961			2,764
Purchase in-process research and development		—			390
Share-based payments		13,132			11,984
Patent contingency accrual reversal		(1,170	)		—
Tax benefit for amortization of intangible assets and restructuring charges		(5,453	)		(3,221	)
Tax benefit of purchased in-process research and development		—			(152	)
Tax benefit of share-based payments		(2,787	)		(2,244	)
Tax effect of patent contingency accrual reversal		456			—
Net income, Non-GAAP basis	$	58,115		$	51,340

(b)	Excluded amounts represent share-based payments.
(c)	Excluded amount consists of share-based payments of $3,643 and patent contingency accrual reversal of $(1,170) for the nine months ended September 30, 2009.
(d)	Diluted EPS is calculated under the “if converted” method for the nine months ended September 30, 2009 and 2008. This includes the add-back of of interest and convertible notes issuance cost amortization, net of applicable income taxes of $3.1 million and $3.3 million for the nine months ended September 30, 2009 and 2008, respectively.
(e)	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.