Informatica 8-K Informatica Reports Record Second Quarter Results

Exhibit 99.1

Contacts:	Deborah Wiltshire	Stephanie Wakefield
	Public Relations	Senior Director, Investor Relations
	+ 1 650 385 5360	+1 650 385 5261
	dwiltshire@informatica.com	swakefield@informatica.com

INFORMATICA REPORTS RECORD SECOND QUARTER RESULTS

Achieves Revenue Growth of 21 Percent and Operating Margin Increase of 300 Basis Points

REDWOOD CITY, Calif., July 17, 2008 — 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, 2008.

     Revenues for the second quarter of 2008 were $113.8 million, up 21 percent from the $94.3 million recorded in the second quarter of 2007. License revenues for the second quarter were $48.5 million, up 16 percent from the $41.8 million recorded in the second quarter of 2007. Net income for the second quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $11.5 million or $0.12 per diluted share, up more than 9 percent from net income of $10.5 million or $0.11 per diluted share in the second quarter of 2007. For the three-month periods ended June 30, 2007 and June 30, 2008, 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 second quarter of 2008 was $16.7 million or $0.17 per diluted share, up more than 6 percent from $15.6 million or $0.16 per diluted share in the second quarter of 2007. Non-GAAP net income excludes charges related to purchased in-process research and development, share-based payments, facilities restructurings and the amortization of acquired technology and intangible assets. A reconciliation of GAAP operating results and non-GAAP results is included below.

     For the six-month period ended June 30, 2008, revenues were $217.5 million, an increase of 20 percent from the $181.4 million recorded for the first six months of 2007. License revenues for the first six months of 2008 were $92.7 million, up 17 percent from $79.4 million in the first six months of 2007. GAAP net income for the first six months of 2008 was $22.7 million or $0.24 per diluted share, up over 14 percent versus $19.6 million or $0.21 per diluted share in the

first six months of 2007. Non-GAAP net income for the first six months of 2008 was $32.4 million or $0.33 per diluted share, up over 6 percent versus $30.0 million or $0.31 per diluted share in the first six months of 2007. For the six-month periods ended June 30, 2007 and June 30, 2008, earnings per diluted share is calculated on an “if converted” basis, including the add-back of $2.2 million of interest and convertible notes issuance cost amortization, net of income taxes.

     “We are pleased with our record second quarter results” said Sohaib Abbasi, chairman and CEO of Informatica. “These results further highlight that our value proposition for IT organizations to “do more with less” has promoted even broader customer adoption of our products and services in the current macroeconomic environment.”

     Significant milestones achieved since April 2008 include:

• Signed repeat business with 239 customers.Customers continue to derive considerable value from their investments in Informatica solutions. Repeat customers included Advanced Micro Devices, Affymetrix, Chinatrust Commercial Bank, Deutsche Post, OAO Vimpelcom, State of Rhode Island, Taiwan Futures Exchange, and Virgin Media.

• Added 287 new customers.Informatica increased its customer base this quarter to 3,313 companies including 68 new Informatica customers and 219 customers added through the Identity Systems acquisition. New customers include Alameda Alliance for Health, Allergan, Capita Life & Pensions Services, NAL Resources Management, National Oilwell Varco, Servico Federal de Processamento de Dada, and Syndicate Bank.

• Launched Informatica 8.6.Advancing leadership in data integration and data quality, Informatica announced the first comprehensive, unified, and open platform for data integration, Informatica 8.6. This latest release delivers new product and Software-as-a-Service offerings including PowerCenter Real Time Edition, On-Demand Data Loader Service, B2B Data Exchange, and Data Quality with identity resolution. This comprehensive platform addresses the complete range of data integration requirements within the enterprise and beyond.

• Completed Acquisition of Identity Systems,a global leader in identity resolution technology. Identity resolution enables precise identity search and matching to find all the required critical information for an individual or organization. This strategic acquisition will extend Informatica products with innovative technology to search, match and resolve identity data about a variety of objects including people, companies and products.

• Launched Informatica On Demand Data Loader Service for Salesforce.The newest addition to its Software as a Service (SaaS) offerings, the IOD Data Loader Service, is a bi-directional integration offering that allows Salesforce administrators to automate many Salesforce integration processes such as synchronizing account information with other applications, creating back office orders from closed opportunities, and loading leads.

• Announced Innovation Awards.Informatica hosted the tenth annual Informatica World Conference in Las Vegas, Nevada. At the event, Bank of America, Deutsche Post, Duke Energy, KPN, Paramount, and Virgin Media were among the customers honored with Innovation Awards for their innovative application of Informatica technologies to drive business advantage.

• Recognized in the “Leaders” Quadrant in the Gartner Data Quality Tools Magic Quadrant.According to Gartner, “leaders in the market demonstrate strength across a complete range of data quality functionality, including profiling, parsing, standardization, matching, validation and enrichment. They exhibit a clear understanding and vision of where the market is headed, including recognition of non-customer data quality issues and the delivery of enterprise-level data quality implementations. Leaders have an established market presence, significant size and a multinational presence.”

Announced Planned Retirement of Girish Pancha by the End of 2008

Girish Pancha, executive vice president and general manager, data integration, announced his plan to retire by the end of 2008. Pancha will continue his responsibilities at Informatica through his transition and will work with CEO Sohaib Abbasi to ensure a smooth transfer of his daily responsibilities and management of the business unit.

Conference Call and Webcast

Informatica will discuss its second quarter 2008 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 +1 617-801-6888, reservation number 27697598.

About Informatica

Informatica Corporation (NASDAQ: INFA) is the leading independent provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets across the enterprise. More than 3,300 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. 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,
	2008			2007			2008			2007
GAAP Net income	$	11,503		$	10,456		$	22,727		$	19,550
Plus:
Amortization of acquired technology		951			727			1,571			1,449
Amortization of intangible assets		993			362			1,355			718
Facilities restructuring charges		921			1,026			1,868			2,075
Purchased in-process research and development		390			—			390			—
Share-based payments		3,832			3,877			7,946			7,918
Tax benefit of amortization of intangible assets and restructuring charges		(1,049	)		—			(1,801	)		—
Tax benefit of purchased in-process research and development		(152	)		—			(152	)		—
Tax benefit of share-based payments		(694	)		(832	)		(1,496	)		(1,699	)
Non-GAAP Net income	$	16,695		$	15,616		$	32,408		$	30,011

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2008			2007			2008			2007
Diluted net income per share: *
Diluted GAAP Net income per share	$	0.12		$	0.11		$	0.24		$	0.21
Plus:
Amortization of acquired technology		0.01			0.01			0.01			0.01
Amortization of intangible assets		0.01			—			0.01			0.01
Facilities restructuring charges		0.01			0.01			0.02			0.02
Purchased in-process research and development		—			—			—			—
Share-based payments		0.04			0.04			0.08			0.08
Tax benefit of amortization of intangible assets and restructuring charges		(0.01	)		—			(0.02	)		—
Tax benefit of purchased in-process research and development		—			—			—			—
Tax benefit of share-based payments		(0.01	)		(0.01	)		(0.01	)		(0.02	)
Diluted Non-GAAP Net income per share	$	0.17		$	0.16		$	0.33		$	0.31
Shares used in computing diluted GAAP Net income per share		104,457			103,206			104,403			102,778
Shares used in computing diluted Non-GAAP Net income per share		104,898			103,951			104,925			103,472

* Diluted EPS is calculated under the “if converted” method for the three and six months ended June 30, 2008 and 2007. This includes the add-back of $1.1 and $2.2 million of interest and convertible notes issuance cost amortization, net of income taxes for both periods, 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 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 and expected benefits to our customers and products. 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; and (3) 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, 2007 and 10-Q for the quarter ended March 31, 2008, which are on file with the SEC and is available on the company’s investor relations website at http://www.informatica.com/. All information provided in this release is as of July 17, 2008 and Informatica undertakes no duty to update this information.

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Note:Informatica,PowerCenter, Informatica Data Quality, Informatica B2B Data ExchangeandInformatica On Demand Data Loader Serviceare trademarks or 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				Six Months Ended
	June 30,				June 30,
	2008		2007		2008		2007
Revenues:
License	$	48,523	$	41,838	$	92,732	$	79,400
Service		65,237		52,424		124,738		101,976
Total revenues		113,760		94,262		217,470		181,376
Cost of revenues:
License		897		943		1,590		1,748
Service		21,380		16,945		41,165		33,259
Amortization of acquired technology		951		727		1,571		1,449
Total cost of revenues		23,228		18,615		44,326		36,456
Gross profit		90,532		75,647		173,144		144,920
Operating expenses:
Research and development		18,497		16,949		36,221		34,973
Sales and marketing		45,966		39,103		88,753		74,214
General and administrative		9,146		9,134		17,515		16,859
Amortization of intangible assets		993		362		1,355		718
Facilities restructuring charges		921		1,026		1,868		2,075
Purchased in-process research and development		390		—		390		—
Total operating expenses		75,913		66,574		146,102		128,839
Income from operations		14,619		9,073		27,042		16,081
Interest income and other, net		1,765		3,357		5,323		6,516
Income before income taxes		16,384		12,430		32,365		22,597
Income tax provision		4,881		1,974		9,638		3,047
Net income	$	11,503	$	10,456	$	22,727	$	19,550
Basic net income per common share	$	0.13	$	0.12	$	0.26	$	0.23
Diluted net income per common share (1)	$	0.12	$	0.11	$	0.24	$	0.21
Shares used in computing basic net income per common share		88,565		87,293		88,347		86,863
Shares used in computing diluted net income per common share		104,457		103,206		104,403		102,778

(1) Diluted EPS is calculated under the “if converted” method for the three and six months ended June 30, 2008 and 2007. This includes the add-back of $1.1 and $2.2 million of interest and convertible notes issuance cost amortization, net of income taxes for both periods, respectively.

INFORMATICA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

	June 30,		December 31,
	2008		2007
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	235,154	$	203,661
Short-term investments in marketable securities		227,289		281,197
Accounts receivable, net of allowances of $1,818 and $1,299, respectively		62,649		72,643
Deferred tax assets		19,671		18,294
Prepaid expenses and other current assets		29,357		14,693
Total current assets		574,120		590,488
Restricted cash		120		12,122
Property and equipment, net		9,389		10,124
Goodwill and intangible assets, net		252,960		179,315
Investment in equity interest		3,000		—
Long-term deferred tax assets		462		462
Other assets		6,141		6,133
Total assets	$	846,192	$	798,644
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current liabilities	$	64,411	$	62,791
Accrued facilities restructuring charges		19,336		18,007
Deferred revenues		110,262		99,415
Total current liabilities		194,009		180,213
Convertible senior notes		230,000		230,000
Accrued facilities restructuring charges, less current portion		50,656		56,235
Long-term deferred revenues		11,549		13,686
Long-term income taxes payable		7,449		5,968
Stockholders’ equity		352,529		312,542
Total liabilities and stockholders’ equity	$	846,192	$	798,644

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

	Six Months Ended
	June 30,
	2008			2007
Operating activities:
Net income	$	22,727		$	19,550
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		2,813			5,427
Allowance for doubtful accounts and sales returns allowances		215			37
Share-based payments		7,946			7,918
Deferred income taxes		(1,377	)		—
Tax benefits from stock option plans		5,124			—
Excess tax benefits from share-based payments		(4,375	)		—
Amortization of intangible assets and acquired technology		2,926			2,167
In-process research and development		390			—
Non-cash facilities restructuring charges		1,868			2,075
Other non-cash items		(128	)		—
Changes in operating assets and liabilities:
Accounts receivable		14,618			10,383
Prepaid expenses and other assets		(14,718	)		(3,279	)
Accounts payable and other current liabilities		645			(4,824	)
Income taxes payable		1,309			(2,246	)
Accrued facilities restructuring charges		(6,036	)		(7,667	)
Deferred revenues		7,891			4,486
Net cash provided by operating activities		41,838			34,027
Investing activities:
Purchases of property and equipment		(1,921	)		(3,442	)
Purchases of investments		(152,784	)		(230,880	)
Purchase of investment in equity interest		(3,000	)		—
Maturities and sales of investments		206,625			207,838
Business acquisition, net of cash acquired		(79,844	)		—
Transfer from restricted cash		12,016			—
Net cash used in investing activities		(18,908	)		(26,484	)
Financing activities:
Net proceeds from issuance of common stock		18,782			15,349
Repurchases and retirement of common stock		(15,838	)		(5,993	)
Excess tax benefits from share-based payments		4,375			—
Net cash provided by financing activities		7,319			9,356
Effect of foreign exchange rate changes on cash and cash equivalents		1,244			704
Net increase in cash and cash equivalents		31,493			17,603
Cash and cash equivalents at beginning of period		203,661			120,491
Cash and cash equivalents at end of period	$	235,154		$	138,094