Informatica Hits 49% Subscription Revenue Growth in Q1; Ash Kulkarni Comments

Big Data, AppsInformatica gained $14.5 million in subscription revenues during the first quarter of calendar year 2014, a 49 percent rise from the prior year period.

The company recorded at least 2,000 subscription customers and reported 1,400 percent-revenue growth from $62.3 million in 1999 to $948.2 million in 2013, Informatica said Tuesday.

Ash Kulkarni, senior vice president and general manager of data integration at Informatica, said the company is working to help customers centralize business processes through Informatica’s enterprise integration platform offerings.

Informatica has also unveiled an Amazon Redshift data connector offering for enterprise clients at the NASDAQ stock market’s opening bell Tuesday in New York City.

Forrester ranked Informatica as a leader in cloud and Internet of Things integration offerings for the first quarter of 2014.

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