Revenues for the fourth quarter of 2005 were $79.8 million, up 33 percent from $60.0 million recorded in the fourth quarter of 2004. Net income for the fourth quarter, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $13.6 million or $0.14 per diluted share, compared to a net loss of $98.7 million or $1.14 per share in the fourth quarter of 2004. Non-GAAP net income for the fourth quarter of 2005 was $14.7 million or $0.16 per diluted share, up over 166 percent from $5.2 million or $0.06 per diluted share in the fourth quarter of 2004.
For the year ended December 31, 2005, revenues were $267.4 million, up 22 percent from $219.7 million recorded in 2004. GAAP net income in 2005 was $33.8 million or $0.37 per diluted share, compared to a net loss of $104.4 million or $1.22 per share in 2004. Non-GAAP net income for 2005 was $39.3 million or $0.43 per diluted share, up over 168 percent from $13.7 million or $0.16 per diluted share in 2004.
Non-GAAP net income excludes charges related to facilities restructurings and the amortization of acquired technology, intangible assets and stock-based compensation. A reconciliation of non-GAAP operating results and GAAP results is included in the financial statements attached below.
âAt the beginning of 2005, we outlined our strategy to become the dominant leader in the data integration market: grow beyond the traditional data warehousing market, expand across all geographic regions, strengthen our partnerships and deliver technology innovations to best address our customersâ requirements,â said Sohaib Abbasi, chairman and CEO of Informatica. âExecuting on our strategy, in 2005, Informatica achieved the best results in the companyâs history with record non-GAAP operating margins of 15 percent in the fourth quarter. With our validated strategy, we are confident that we have substantial room for continued growth in the data integration market.â