EmailInformatica (INFA $29.90 -13.64) issued downside guidance for the second quarter as the company expects total revenues for the second quarter to be in the range of $188-190 million versus the $217.7 million consensus estimate. License revenues are expected to be in the range of $70-72 million and service revenues are expected to be in the range of $117-119 million EPS for Q2, calculated in accordance with U.S. generally accepted accounting principles (GAAP) are expected to be in the range of $0.16-0.17 per diluted share. Non-GAAP EPS for Q2 of 2012 are expected to be in the range of $0.27-0.28 versus the $0.37 consensus estimate.
Non-GAAP earnings per diluted share exclude ~$0.11 per share in charges and tax benefits related to the amortization of acquired technology and intangible assets, facilities acquisition-related adjustments and stock-based compensation. "After 31 consecutive quarters of consistent results, I am disappointed that we fell well short of our own expectations in the second quarter of 2012. Clearly, we did not adapt as rapidly as we should have to the changing macroeconomic environment, especially in Europe," said Sohaib Abbasi, chairman and CEO of Informatica.
