Informix Announces First Quarter Results Revenues Increase 38% To $204 Million

Business Wire, April 15, 1996

MENLO PARK, Calif.--(BUSINESS WIRE)--April 15, 1996--Informix Corporation (NASDAQ: IFMX) today announced results for the first quarter ended March 31,1996. Revenues for the first quarter of 1996 were $204 million, up 38% from revenues of $148 million in the year earlier period. Earnings per share for the quarter were $0.10. Merger related charges reduced earnings by approximately $0.04 per share. Earnings per share for the same quarter of the prior year were $0.12. The results for Q1 1996 are consistent with the range of revenues and earnings per share cited in Informix's preliminary results announcement of April 7, 1996. Results for the year earlier period (the quarter ended April 2, 1995) have been restated to reflect the acquisition of Illustra Information Technologies, Inc., in February, 1996. The acquisition is accounted for as a pooling of interests.

"We accomplished a lot in the first quarter with a modest shortfall in North American revenues but with continued strong growth in Europe," said Phil White, Informix's chief executive officer. "We completed the acquisition of Illustra, continued our record setting TPC results and announced Informix's Universal Server, which we expect to ship later this year. We continue to be the company with the highest database license revenue growth rate in the industry: our database license revenue increased 52% in the first quarter, compared with the first quarter of 1995." -0-