UBS Maintains a 'Buy' on Informatica (INFA); Q2 Earnings Preview

UBS maintains a 'Buy' on Informatica (NASDAQ: INFA), PT raised from $62 to $67.

UBS analyst says, "We believe INFA will release 2Q11 (June) earnings on July 21st with slight revenue and EPS upside. We think INFA will continue to benefit from the explosion of data and the need to integ rate and manage information in enterprises. INFA is unique to the space as the last remaining independent data integration company of size and a crucial piece of companies’ IT infrastructure."

"Q2 Estimates - We’re modelling results slightly higher than the Street and at the top end of guidance for Q2. 1) Revenue $187M (+20% y/y, +11% q/q) vs. Street $186M and guidance $182-187M. 2) EPS $0.32 (+31% y/y, +15% q/q) vs. Street $0.31 and guidance $0.29-$0.32. 3) OPM 26% (+8% y/y, -3% q/q on abnormally high operating income in 1Q11). 4) Billings $176M (11% y/y, -1% q/q)."

For more ratings news on Informatica click here and for the rating history of Informatica click here.

Shares of Informatica closed at $59.38 yesterday.

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