Informatica (INFA -6.8%), which rallied strongly this year partly due to its big data exposure,...
Friday, April 27, 2012, 1:52 PM ETInformatica (INFA -6.8%), which rallied strongly this year partly due to its big data exposure, is selling off after beating Q1 estimates but guiding on its earnings call for Q2 revenue of $210M-$220M and EPS of $0.35-$0.37, below a consensus of $223.9M and $0.39. Informatica blames uncertain Euro demand, as well as higher sales/marketing spending. Guidance for 2012 revenue of $880M-$910M and EPS of $1.54-$1.64 is in-line with a consensus of $899.3M and $1.62.
TECH ETFs IN FOCUS
Latest Tech Articles