UPDATE 2-Informatica Q1 results beats Street, raises FY rev view
* Q1 adj EPS $0.21 vs est $0.20
* Q1 rev $135.1 mln vs est $131 mln
* Sees Q2 adj shr $0.21-$0.23 vs est $0.23 (Adds outlook details from conference call)
April 22 (Reuters) - Data integration software maker Informatica Corp (INFA.O) posted better-than-expected quarterly results on strong revenue from its licensing business, and raised its 2010 revenue forecast.
"As we start 2010, we're encouraged by the increasing breadth of recovery we're seeing in our business," a company executive said on a conference call with analysts.
Informatica raised its 2010 revenue outlook to $575 million to $610 million, from its prior view of $565 million to $600 million.
It also lifted the lower end of its full-year adjusted earnings outlook by 2 cents to 95 cents a share to $1.03 a share. [ID:nWNAB1175]
The company forecast a second-quarter adjusted profit of 21 cents to 23 cents a share, the higher end of which was in line with analyst expectations of 23 cents a share, according to Thomson Reuters I/B/E/S.
It expects second-quarter revenue of $140 million to $145 million, compared with Wall Street estimates of $140.6 million.
The company earned $11.8 million, or 12 cents a share for the first quarter, nearly breakeven with a profit of $11.1 million, or 12 cents a share, in the year-ago period.
Excluding items, it earned 21 cents a share.
Revenue rose 24 percent to $135.1 million, helped by a 25 percent increase in license revenue.
Analysts on average were expecting Informatica to earn 20 cents a share on revenue of $131 million, according to Thomson Reuters I/B/E/S.
Shares of the company, which have gained over 23 percent over the past six months, closed at $27.62 Thursday on Nasdaq.
For the alerts, click here. [ID:nWNAB1108] (Reporting by Deepti Govind and Saqib Iqbal Ahmed in Bangalore; Editing by Ratul Ray Chaudhuri, Anne Pallivathuckal)