Informatica Inc

INFA

Equity

ISIN US45674M1018 / Valor 114120695

New York Stock Exchange, Inc (2024-11-20)

USD 25.86+0.47%

Informatica Inc
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About company

Informatica Inc. is a leading provider in the field of enterprise cloud data management, offering a comprehensive suite of services and products designed to help businesses manage, integrate, and unlock the potential of their data across various systems and platforms. While the company's about page primarily focuses on its commitment to high standards of data protection, particularly through its adherence to Controller and Processor Binding Corporate Rules, this aspect underscores its broader dedication to ensuring the security and integrity of the data it handles. Informatica's offerings likely encompass data integration, quality, and governance solutions, aimed at enabling organizations to improve their decision-making processes, enhance operational efficiency, and drive digital transformation initiatives. Although the source does not detail specific products or services, Informatica's business model is centered around providing tools and platforms that facilitate the effective management of data in a secure, compliant, and efficient manner, catering to the needs of businesses in an increasingly data-driven world.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Informatica Inc. reported a 6.6% year-over-year increase in GAAP total revenues for the second quarter of 2024, reaching $400.6 million. Adjusted for foreign currency exchange rates, total revenues increased by 7.0% year-over-year.

Subscription Revenue

GAAP subscription revenues for Informatica Inc. increased by 16% year-over-year to $264.3 million in the second quarter of 2024. Notably, GAAP cloud subscription revenue saw a significant rise of 35% year-over-year, amounting to $161.4 million and representing 61% of the total subscription revenues.

Annualized Recurring Revenue (ARR)

Informatica Inc. reported a total ARR of $1.67 billion for the second quarter of 2024, marking a 7.8% year-over-year increase. Cloud subscription ARR experienced a substantial growth of 37% year-over-year, reaching $703 million.

Operating Income

For the second quarter of 2024, Informatica Inc. achieved a GAAP operating income of $9.5 million and a non-GAAP operating income of $114.9 million. The company also reported a GAAP operating cash flow of $24.9 million and an adjusted unlevered free cash flow (after-tax) of $71.2 million.

Financial Outlook

Informatica Inc. has updated its full-year 2024 financial guidance. The company now expects GAAP total revenues to be in the range of $1.660 billion to $1.680 billion, representing approximately 4.7% year-over-year growth at the midpoint of the range. This adjustment is due to factors including a strategic shift in customer implementation and support work, lower upfront recognized self-managed subscription revenue, and the strengthening of the U.S. dollar against other currencies.

Summarized from source with an LLMView Source

Key figures

4.32%1Y

-22.2%3Y

%5Y

Performance

34.4%1Y

48.3%3Y

48.1%5Y

Volatility