Career Sohaib Abbasi

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1 career

1.1 career
1.2 oracle
1.3 informatica





career
early career

abbasi began professional career product manager professional computer resources in 1980. developed financial modeling software , erp applications there before launching own company, outlook software, inc.


oracle

abbasi joined oracle while company startup in 1982, manager of midwestern sales. following success in sales, abbasi became manager of user interface development in 1984 created oracle s first application programming tool, sql*forms. software first introduced in 1985 , used on 90 percent of oracle dbms shops 1990.


abbasi launched software tools division @ oracle, includes application development tools, business intelligence tools, e-business portal tools , pharmaceutical , internet learning applications. helped grow tools division of company initial launch generating revenues of $3.75 billion during tenure company. 1989, named vice-president of tools , multi-media company. abbasi promoted further in 1994 senior vice-president of tools product division. 2001 until retirement company in 2003, abbasi held role of senior vice president in both tools , education divisions.


he retired oracle in 2003 after 20 years , credited helping company grow 30 employee startup $4 million in revenue, company more 40,000 employees , revenue near $10 billion.


informatica

in 2004, abbasi joined software company, informatica, chief executive officer. before abbasi joined company had reported negative product license growth in 10 of prior 12 quarters. under leadership, informatica streamlined operations cutting analytic application software development , focusing on data warehousing component of business. decision controversial @ time resistance among employees , on board, abbasi refocused company on narrower set of products, while evangelizing broader use of data integration across enterprise. company grew core market, increasing revenue $219 million in fiscal 2004 $455 million in 2008. informatica s 20 percent growth rate on period 2.5 times average software industry.


during recession, abbasi urged company s salespeople focus on smaller business-critical deals rather waiting close bigger ones might not materialize. company concluded 2009 $456 million in sales increase in revenue each of first 3 quarters of year. abbasi led company through recession experiencing 10 percent revenue growth , 20 percent non-gaap net income growth, while non-gaap operating margins expanded 3% annual record 25%. company s growth allowed hiring , expansion continue through recession.


in 2010, informatica reached revenue of $650 million 300% increase on revenue company had experienced when abbasi became ceo , 31% increase year before. same year abbasi helped company grow sales outside of north america 36% of business.


in 2014, after ten years of abbasi s leadership, informatica reached $1 billion in sales. in april 2015, informatica announced shareholders had approved acquisition permira funds , canada pension plan investment board $5.3 billion or $48 share. after deal completed, abbasi stepped down ceo , remained company chairman. during tenure ceo company s customer base increased around 2,100 in 2004, on 5,000 in 2014, employee count during same time grew 837 3,664. company s annual profitability increased on 850 percent , stock appreciated on 800 percent during same time period.








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