Ronna Abramson
Business intelligence software maker InformaticaINFA on Monday announced small adjustments to 2003 results stemming from a mistake in the way the company allocated sales from licenses and service. The adjustments result in a reduction in license revenue, an increase in service revenue and an overall net drop in revenue and net income of less than $1 million. Informatica said it discovered the error while responding to a Securities and Exchange Commission review of an October filing related to an acquisition. Informatica made the error in all results dating back to the fourth quarter of 1999. But the net cumulative impact is not material, and Informatica will not be amending any filings with the SEC or results prior to 2003, the company said in a postclose press release. The adjustments for 2003 reduce the company's previously announced $98 million in license revenue by $3.4 million, bringing it to $94.6 million. Service revenue goes up $2.5 million to $110.9 million. That results in a net drop in revenue of $900,000 to $205.5 million. The changes reduce net income to $7.3 million, or 9 cents a share, from a previously announced $8.2 million, or 10 cents a share. Shares of Informatica fell 10 cents, or 1.1%, to $8.93 in after-hours trading after shedding 45 cents, or 4.8%, to $9.03 in Monday's regular session.
Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.
See who made what calls.
3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA
TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.
Take-Two's latest hit receives a perfect score from industry reviewers.
- Cramer's 'Mad Money' Recap: Mad Money's Rally Playbook
- The Polycarbonate Price Cut
- CalPERS Pushes for Clean House at Standard Pacific
- Investing in China: What You Need to Know
- Coming Week: 'Glimmer of Hope'
- Top Stocks With Insider Buying, Buybacks
- New Solar ETF Helps Spread Sector's Risk
- Feuerstein's Biotech-Stock Mailbag
- Need to Own Energy? Here's How to Do It
- My Company Doesn't Provide Health Insurance (Gulp!)
Sponsored by:

BEAT THE STREET GAME:


