Informatica (INFA) issues warning on weakness in Q3 results, reporting guidance of USD189+M, a drop from USD200+M (5% drop). The stock market has further punished the company with stock prices dropping from USD45 to USD 30 (33% drop) over the last 6 months.
Informatica blames the weakness on Europe, but could it be that the value of its core business of “data transfer” is being eroded by open source equivalents like Talend. This is definitely a lower cost alternative for open source oriented European companies.
