Informatica Corporation (NASDAQ:INFA) launchs new monitoring tool


Dallas, Texas 10/04/2013 (Financialstrend) – Few of the best of the breed data warehousing tech companies like Qlik ,Teradata ,Tableau and Tibco  have been on the move lately. These analytical tech providers are riding high due to the under the surface build up of demand for big data and data analytics based technology infrastructure.  A survey on tech spending patterns among the Fortune 1000 executives was also underscoring the growing budgets being set aside by companies for big data projects.

It is this big spending on analytics in general and data warehousing and big data in particular which has pushed up the stock of Informatica Corporation (NASDAQ:INFA) up by close to 10.5% in the past one month. As of close of business on October 3, the share price of INFA was hovering around $39.88 representing a 1.42% increase in market value during trading last week. Current pricing is 3.8% less compared to its 52 week high valuation. It has close to 108 million of outstanding shares with a market cap of $4.3 billion.

In the past 12 months trailing period, it has recorded net income of $82.6 million and net sales of $861 million. It sales on a quarter on quarter basis has picked up by 16.7%.

In order to sustain its market share and garner a larger share of the close to $ 1 billion market for big data projects this year, it has announced new projects and aligned with other tech providers. On the side lines of Oracle open world, INFA announced the launch of new “Ultra Messaging” software which the company claims is the fastest performing messaging technology. This tool enables IT managers to pervasively monitor and track in real time the enterprise wide ” Ultra Messaging deployments”. This will also provide end-to-end visibility and intelligent alerting mechanisms which can be used by the IT personal to provide a 24/7 available service.