* Qlik 1st-quarter revenue $96.5 mln vs estimate $91.3 mln
* Raises 2013 rev outlook range by $6 mln to $471-481 mln
* Informatica 1st-quarter rev $214.3 mln vs est $202.2 mln
* Raises 2013 rev outlook to $885-$925 mln from $850-$900
* Qlik shares up 14 pct, Informatica up 8 pct after hours
By Sayantani Ghosh
April 25 Informatica Corp and Qlik
Technologies Inc reported better-than-expected
quarterly revenue and the business software makers raised their
full-year revenue forecasts as enterprises spent more on
integrating and analyzing data.
The companies' shares rose in extended trading.
While tech spending has been weak and traditional software
companies have suffered, companies that make software to manage,
process and analyze data have found favor as customers look to
mine data for real time answers to their problems, boosting
efficiency and cutting costs.
"We benefited from broad-based customer demand with key wins
in multiple vertical segments, including financial services,
public sector, manufacturing and healthcare," Informatica CEO
Sohaib Abbasi said on a conference call with analysts.
The company, which makes software to help companies
integrate data from various sources, raised its full-year
revenue forecast to $885 million-$925 million, from $850
Abbasi said the company's North American business, which
accounts for more than two-thirds of its revenue, was very
strong, while Europe remained challenging.
Informatica reported a 15 percent increase in its services
business in the first quarter, while total revenue of $214.3
million was ahead of analysts' estimates of $202.2 million,
according to Thomson Reuters I/B/E/S.
Informatica's shares rose more than 8 percent to $35 in
extended trading while those of peer Qlik rose 14 percent to
Qlik posted a smaller-than-expected quarterly loss as
license sales jumped 14 percent.
"We continue to benefit from sales process improvements ...,
expanded service and support offerings, and ongoing momentum
across our partner network," Qlik's CEO Lars Björk said.
Qlik raised its 2013 profit forecast range by 2 cents per
share and now expects 41 cents to 44 cents per share. It also
raised its full-year revenue range by $6 million and expects
revenue of $471 million to $481 million.
License revenue for the first quarter rose to $52.7 million.
Total revenue rose 22 percent to $96.5 million.
Analysts on average had expected revenue of $91.3 million.