informatica corp (INFA) Key Developments
Informatica Corporation Terminates Credit Agreement
Jul 1 15
On July 1, 2015, Informatica Corporation terminated its Credit Agreement, dated as of September 26, 2014, with each of the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A., as syndication agent, and all agreements related thereto. There were no outstanding borrowings under the Credit Agreement at the time of its termination and Informatica did not incur any early termination penalty in connection with the termination. Certain of the lenders under the Credit Agreement and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with Informatica or Informatica's affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions.
Informatica Corporation, Special/Extraordinary Shareholders Meeting, Jun 23, 2015
Jun 23 15
Informatica Corporation, Special/Extraordinary Shareholders Meeting, Jun 23, 2015. Agenda: To approve the previously announced acquisition of Informatica by the Permira funds and the Canada Pension Plan Investment Board.
Informatica Introduces Total Supplier Relationship Application
May 20 15
Informatica Corporation announced the Informatica Total Supplier Relationship (TSR) application, a master data-fueled solution that enables supply chain, sourcing and purchasing teams to centralize and streamline the end-to-end process of managing information about supplier relationships and the raw materials and products they supply. By providing a Supplier360 view, Informatica TSR enables organizations to more effectively manage vendors and their performance, negotiate better prices, and reduce operating costs and risk.
Illinois State University Makes Informatica its Platform for Harnessing Data to Drive Student Success
May 13 15
Informatica Corporation announced that Illinois State University (Illinois State) has made Informatica the cornerstone of its ability to harness data to enable student success. Specifically, Illinois State has implemented InformaticaPowerCenter as the data integration foundation of its multi-year "LEAPForward" project, which is aimed at optimizing student-oriented business and data processes and providing a platform for business intelligence and analytics to enable student success at the university and beyond. Illinois State is using Informatica PowerCenter to create: a cohesive presentation of each student's time at Illinois State - PowerCenter is handling the movement,conversion and cleansing of the university's considerable base of historical student data (biographical, demographical, scholastic, etc.) from its soon-to-be-retired legacy mainframe to its new ERP-based Student System to provide a unified environment for accessing and leveraging student information. An enriched data environment for analytics - PowerCenter is also the data integration foundation for Illinois State's new data warehouse, integrating, transforming and enriching data from multiple sources for use by administrators and staff for business and academic decision-making purposes.
Informatica Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 22 15
Informatica Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Total revenues for the first quarter of 2015 were $250.5 million, an increase of 3% from $243.1 million in the first quarter of 2014. Total revenues were negatively impacted by larger than expected currency fluctuations as well as greater than planned deferral of license bookings. Income from operations for the first quarter of 2015, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $32.2 million, down 12% from $36.8 million in the first quarter of 2014. GAAP net income for the first quarter of 2015 was $21.6 million, down 13% from $24.9 million in the first quarter of 2014, and GAAP net income per diluted share was $0.20, down 9% from $0.22 per diluted share in the first quarter of 2014. Non-GAAP income from operations for the first quarter of 2015 was $52.5 million, down 7% from $56.7 million in the first quarter of 2014. Non-GAAP net income for the first quarter of 2015 was $36.9 million, down 7% from $39.5 million in the first quarter of 2014 and non-GAAP net income per diluted share was $0.34, down 3% from $0.35 per diluted share in the first quarter of 2014. Income before income taxes was $33,385,000 against $37,759,000 a year ago. Net cash provided by operating activities was $66,240,000 against $62,743,000 a year ago. Purchases of property and equipment were $2,330,000 against $6,200,000 a year ago.