Informatica revenue shortfall in European ops negatively impacting Q3 EPS by 2c CEO Sohaib Abbasi commented: "While overall customer demand for our products increased from Q2 to Q3 of 2012, most of our revenue shortfall in Q3 was in Europe, where we fell well short of our own expectations. Despite improving operational results in the U.S. and Asia Pacific relative to our Q2 of 2012 results, the disappointing European results reflect continued operational challenges that we are taking aggressive steps to address. Under our new worldwide sales leader, we remain focused on implementing the changes necessary to pursue our market opportunity." CFO Earl Fry commented: "As we have previously stated, our tax rate is very sensitive to the geographic mix of business."
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