was up in premarket trading on news that it beat analyst expectations, posting break-even results on slightly lower revenue.
The business software provider said it earned break-even results of $100,000 on a pro forma basis, up from a loss of $1.9 million, or 6 cents a share, last year. According to Thomson Financial/First Call, analysts had been expecting a loss of a penny a share.
On a GAAP basis, the company lost $300,000, up from a loss of $1.9 million, or 2 cents a share, in the year-ago quarter, and up sequentially from last quarter's loss of $8.5 million, or 11 cents a share.
Revenue for the quarter was $48.5 million, slightly below the consensus estimate of $50.28 million and last quarter's $50.3 million. In the year-ago quarter, revenue was $54.9 million.
In a press release, the company said it has continued to achieve better results despite the difficult IT environment, where spending remains conservative. The company didn't offer any further guidance.
Shares of Informatica were recently up almost 8% to $8.20 after closing at $7.60 Thursday.