Informatica 8-K Informatica Reports Record First Quarter Results

Exhibit 99.1

Contacts:	Stephanie Wakefield	Stacey Torman
	Director, Investor Relations	Public Relations
	650-385-5261	650-385-5389
	swakefield@informatica.com	storman@informatica.com

INFORMATICA REPORTS RECORD FIRST QUARTER RESULTS

Achieves Revenue Growth of 19 Percent

REDWOOD CITY, Calif., April 19, 2007 — Informatica Corporation (NASDAQ: INFA), a leading provider of data integration software, today announced financial results for the first quarter ended March 31, 2007.

     Revenues for the first quarter of 2007 were $87.1 million, up 19 percent from the $73.1 million recorded in the first quarter of 2006. License revenues for the first quarter were $37.6 million, up 15 percent from the $32.8 million recorded in the first quarter of 2006. Net income for the first quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $9.1 million or $0.10 per diluted share, up more than 65 percent from net income of $5.3 million or $0.06 per diluted share in the first quarter of 2006. For the three months ending March 31, 2007, earnings per diluted share is calculated on an “if converted” basis, including the add-back of $1.1 million of interest and convertible notes issuance cost amortization, net of income taxes.

     Non-GAAP net income for the first quarter of 2007 was $14.4 million or $0.15 per diluted share, up more than 25 percent from $11.3 million or $0.12 per diluted share in the first quarter of 2006. Non-GAAP net income excludes charges related to purchased in-process research and development, equity-based compensation, facilities restructurings and the amortization of acquired technology and intangible assets. A reconciliation of GAAP operating results and non-GAAP results is included below.

     “Our customers’ top-ranked business imperatives are driving greater demand for our technology across more types of data integration and data quality projects,” said Sohaib Abbasi, chairman and CEO of Informatica. “The growing adoption of our latest product releases is fueling license growth, and our expanding partnerships are further strengthening our competitive position. Overall, the first quarter was a strong beginning to 2007.”

Significant milestones achieved since January 2007 include:

• Signed repeat business with 176 customers.Customers continue to derive considerable value from their investments in Informatica solutions. Repeat customers included Bank of America, Blue Cross Blue Shield of Massachusetts, Electronic Arts, Grupo Elektra S.A. de C.V, Level 3 Communications, New York Police Department, Toyota Motor Credit Corp, and TXU Business Services.

• Added 41 new customers.Informatica increased its customer base this quarter to 2,790 companies. New customers include Centene Corporation, Cephalon, Collect America, eHarmony.com, Rajeev Gandhi Memorial College of Engineering, Taiwan Futures Exchange, Vente-privee.com, and Xiamen Local Taxation Bureau.

• Won a $25 million judgment.Informatica received a favorable verdict in its patent infringement lawsuit against Business Objects. The jury found that the two Informatica patents are valid and that Business Objects willfully infringed on both patents. The finding of willfulness allows the judge to increase the damages by up to three times, and to award attorneys’ fees. Informatica has now requested an injunction against further sales of the infringing features of the software in question. Although an appeal by Business Objects is expected, Informatica will continue to vigorously defend its intellectual property rights.

• Announced the expansion of Informatica Velocity^SM to address data quality, legacy data migration and data governance as integral aspects of enterprise data integration, underscoring the corporate commitment to providing customers with access to best practices-based implementation frameworks.

• Introduced Informatica On Demand Data Replicator,its first and the industry’s only multi-tenant, on-demand service for cross-enterprise data integration, which can be quickly configured and used by business users using only a browser.

Stock Repurchase Program
Informatica also today announced that its Board of Directors has authorized the renewal of its stock repurchase program for purchases of common stock up to $50 million dollars. The company expects to repurchase shares to partially offset the otherwise dilutive impact of stock option exercise activity. Purchases may be made, from time to time, in the open market and will be funded from available working capital. The number of shares to be purchased and the timing of purchases will be based on several factors, including the price of Informatica’s stock, general business and market conditions, and other investment opportunities.

Conference Call and Webcast
Informatica will discuss its first quarter 2007 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 71794568.

About Informatica
Informatica Corporation (NASDAQ: INFA) is a leading provider of enterprise data integration software and services. Using Informatica products, companies gain greater business value by integrating all their information assets. More than 2,790 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of any complexity and scale. For more information, call 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 and percentages)
(unaudited)

	Three Months Ended
	March 31,
	2007			2006
GAAP Net income	$	9,094		$	5,268
Plus:
Amortization of acquired technology		722			452
Amortization of intangible assets		356			130
Facilities restructuring charges		1,049			1,149
Purchased in-process research and development		—			1,340
Share-based payment		4,041			3,000
Tax benefit of share-based payment		(867	)		—
Non-GAAP Net income	$	14,395		$	11,339

	Three Months Ended
	March 31,
	2007			2006
Diluted net income per share:
Diluted GAAP Net income per share	$	0.10		$	0.06
Plus:
Amortization of acquired technology		0.01			0.01
Amortization of intangible assets		—			—
Facilities restructuring charges		0.01			0.01
Purchased in-process research and development		—			0.01
Share-based payment		0.04			0.03
Tax benefit of share-based payment		(0.01	)		—
Diluted Non-GAAP Net income per share	$	0.15		$	0.12
Shares used in computing diluted GAAP Net income per share		102,638			97,147
Shares used in computing diluted Non-GAAP Net income per share		104,129			98,102

* Diluted EPS is calculated under the “if converted” method for the three months ended March 31, 2007. This includes the add-back of $1.1 million of interest and convertible notes issuance cost amortization, net of income taxes.

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 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 or net income per share prepared in accordance with GAAP in the U.S.

Safe Harbor

This press release contains forward-looking statements relating to Informatica’s opportunity for growth in the data integration market, efforts being conducted with strategic partners and the company’s intention to repurchase shares of its common stock under the stock repurchase program. 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) factors related to the stock repurchase program including the market price of the company’s stock, general business and market conditions, and management’s determination of alternative needs and uses of the company’s cash resources and (4) lack of control regarding our strategic partners’ devotion of adequate resources to promote, sell, implement, and support our products, as well as those risks and uncertainties included under the caption “Risk Factors” in Informatica’s report on Form 10-K for the year ended December 31, 2006, which is on file with the SEC and is available on the company’s investor relations website athttp://www.informatica.com/. All information provided in this release is as of April 19, 2007 and Informatica undertakes no duty to update this information.

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Note: Informatica, Informatica On Demand Data Replicator, and Informatica Velocity are 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 OPERATIONS
(in thousands, except per share data)
(unaudited)

	Three Months Ended
	March 31,
	2007		2006
Revenues:
License	$	37,562	$	32,804
Service		49,552		40,253
Total revenues		87,114		73,057
Cost of revenues:
License		805		1,527
Service		16,314		13,181
Amortization of acquired technology		722		452
Total cost of revenues		17,841		15,160
Gross profit		69,273		57,897
Operating expenses:
Research and development		18,024		13,058
Sales and marketing		35,111		31,523
General and administrative		7,725		6,643
Amortization of intangible assets		356		130
Facilities restructuring charges		1,049		1,149
Purchased in-process research and development		—		1,340
Total operating expenses		62,265		53,843
Income from operations		7,008		4,054
Interest income and other, net		3,159		2,368
Income before provision for income taxes		10,167		6,422
Provision for income taxes		1,073		1,154
Net income	$	9,094	$	5,268
Basic net income per common share	$	0.11	$	0.06
Diluted net income per common share	$	0.10	$	0.06
Shares used in computing basic net income per common share		86,448		87,566
Shares used in computing diluted net income per common share		102,638		97,147

(1) Diluted EPS is calculated under the “if converted” method for the three months ended March 31, 2007. This includes an add-back of $1.1 million in interest and convertible notes issuance cost amortization, net of income taxes.

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

	March 31,		December 31,
	2007		2006
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	121,718	$	120,491
Short-term investments		311,076		280,149
Accounts receivable, net of allowances of $1,399 and $1,666		45,273		65,407
Prepaid expenses and other current assets		12,841		10,424
Total current assets		490,908		476,471
Restricted cash		12,016		12,016
Property and equipment, net		13,852		14,368
Goodwill and intangible assets, net		185,929		187,317
Other assets		6,517		6,593
Total assets	$	709,222	$	696,765
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current liabilities	$	48,789	$	62,400
Accrued facilities restructuring charges		18,675		18,758
Deferred revenues		88,479		85,364
Total current liabilities		155,943		166,522
Convertible senior notes		230,000		230,000
Accrued facilities restructuring charges, less current portion		62,596		65,052
Deferred revenues, less current portion		6,918		7,035
Deferred tax liability, non-current		993		993
Income taxes payable, non-current		5,022		—
Stockholders’ equity		247,750		227,163
Total liabilities and stockholders’ equity	$	709,222	$	696,765

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

	For the Three Months Ended
	March 31,
	2007			2006
Operating activities:
Net income	$	9,094		$	5,268
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,714			2,465
Share-based payment compensation		4,041			3,000
Amortization of intangible assets and acquired technology		1,078			790
Allowance for doubtful accounts and sales returns allowances		36			—
Purchased in-process research and development		—			1,340
Non-cash facilities restructuring charges		1,049			1,149
Changes in operating assets and liabilities:
Accounts receivable		20,408			16,321
Prepaid expenses and other assets		(2,419	)		(1,413	)
Accounts payable and other current liabilities		(13,612	)		(11,936	)
Income taxes payable, non-current		5,022			—
Accrued facilities restructuring charges		(3,547	)		(3,821	)
Deferred revenues		2,999			(439	)
Net cash provided by operating activities		26,863			12,724
Investing activities:
Purchases of property and equipment		(2,095	)		(1,032	)
Purchases of investments		(123,473	)		(89,290	)
Maturities and sales of investments		92,640			62,953
Business acquisitions, net of cash acquired		—			(46,720	)
Net cash used in investing activities		(32,928	)		(74,089	)
Financing activities:
Proceeds from issuance of common stock		8,525			12,284
Repurchases and retirement of common stock		(1,389	)		(49,956	)
Issuance of convertible senior notes		—			230,000
Payment of issuance costs on convertible senior notes		—			(6,152	)
Net cash provided by financing activities		7,136			186,176
Effect of foreign exchange rate changes on cash and cash equivalents		156			221
Net increase in cash and cash equivalents		1,227			125,032
Cash and cash equivalents at beginning of period		120,491			76,545
Cash and cash equivalents at end of period	$	121,718		$	201,577