Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) For the fiscal year ended December 31, 2024 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40936 Informatica Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

REDWOOD CITY, Calif. and RESTON, Va., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Informatica, an enterprise cloud data management leader, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that Informatica’s data management software and services have been added to Carahsoft’s CarahCloud™ Marketplace program in AWS Marketplace. The CarahCloud program combines the benefits of the AWS Marketplace Private Offers feature, along with Carahsoft's contract vehicles, to provide U.S ...

After 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire ...

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Friday.Shares of Applied Materials, Inc. AMAT fell sharply in today's pre-market trading after the company issued second-quarter revenue guidance below estimates.Applied Materials reported quarterly earnings of $2.38 per share which beat the $2.29 analyst consensus estimate. Quarterly revenue came in at $7.17 billion, beating the $7.14 billion consensus estimate. The company sees second-quarter earnings of $2.30 per ...

Financial Data and Key Metrics Changes - Total ARR finished the year at $1.73 billion, an increase of 6.1% year-over-year, which was 1% below the midpoint of guidance [34] - Cloud subscription ARR was $827 million, a 34% increase year-over-year, representing 48% of total ARR, up from 38% a year ago [35] - GAAP total revenues for Q4 were $428 million, a decrease of 3.8% year-over-year [42] Business Line Data and Key Metrics Changes - Cloud subscription ARR grew 34% year-over-year, with approximately 68% of cloud net new ARR coming from new cloud workloads [15][36] - Self-managed subscription ARR declined to $447 million, down 5% sequentially and 13% year-over-year [37] - Maintenance ARR was down approximately 9% year-over-year to $451 million, greater than expected due to modernization roll-off [38] Market Data and Key Metrics Changes - US revenue declined 6% year-over-year to approximately $264 million, representing 62% of total revenue [48] - International revenue declined 1% year-over-year to $164 million, representing 38% of total revenue [48] Company Strategy and Development Direction - The company is in the final phase of its transformation to a cloud-only consumption-driven strategy, having fully committed to this direction at the beginning of 2023 [13] - The company aims to reach $1 billion in cloud subscription ARR by 2025, accounting for almost 60% of total ARR [15] - The company continues to focus on modernization of its on-prem customer base to the IDMC platform, with 9.4% of maintenance and self-managed ARR modernized to the cloud [40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the fourth quarter did not meet expectations due to lower renewal rates and execution issues related to the cloud-only transformation [7][28] - The company remains confident in the long-term health of its cloud business despite short-term challenges [14] - Management has adjusted expectations for 2025 growth and profitability projections based on recent performance [12][56] Other Important Information - The company processed over 110 trillion cloud transactions per month on the IDMC platform, growing over 29% year-over-year [20] - The company has a strong cash position with cash plus short-term investments of $1.2 billion, an increase of $240 million year-over-year [55] Q&A Session Summary Question: What happened with cloud retention rates and how is the company addressing it? - Management identified operational and organizational issues affecting retention rates, including changes in project sponsorship and internal communication failures [70][72] - The company is implementing changes to improve collaboration and incentives among teams to enhance renewal rates [76] Question: Why are renewals more difficult now despite being mission-critical? - Management noted that operational execution issues contributed to the decline in renewals, but did not observe significant changes in competitive dynamics or customer budgets [88][90] - The churn observed was often partial, indicating customers are still engaged but may be reducing their spend [91] Question: Why is GAAP total revenue difficult to guide? - The complexity arises from ASC 606 accounting standards, where renewal rates and contract term lengths significantly impact revenue recognition [101][104] - A decline in renewal rates and shorter contract terms can lead to outsized negative impacts on revenue forecasts [102][104] Question: What is the outlook for modernization deals? - The company expects a mix of 30-70 for modernization versus net new customers, with modernization deals primarily driven by Power Center Cloud Edition [109] - Management anticipates variability in quarterly results but expects overall growth in modernization opportunities [110] Question: What specific actions are being taken to address execution issues? - Management is focusing on operational improvements and has not factored in potential improvements into the 2025 guidance, indicating a cautious approach [123]

Informatica Inc. (INFA) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.89%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.28, delivering a surprise of -6.67%.Over the last four quarters, the company ...

Investor Presentation Fourth Quarter 2024 Ended December 31, 2024 February 13, 2025 Safe Harbor and Statement Regarding Use of Non-GAAP Financial Measures This presentation contains forward-looking statements about Informatica and the environment in which Informatica operates. These statements may relate to, but are not limited to, expectations of future operating results or financial performance, market size and growth opportunities, the calculation of certain of our key financial and operating metrics, ca ...

Revenue Performance - GAAP Total Revenues for Q4 2024 decreased 3.8% year-over-year to $428.3 million, missing guidance by $29.7 million[3]. - Total revenues for Q4 2024 were $428.3 million, a decrease of 3.9% compared to $445.2 million in Q4 2023[49]. - Total ARR for the full-year 2024 increased 6% year-over-year to $1.73 billion[4]. - Subscription revenue for the full year 2024 reached $1.1 billion, up 9.4% from $1.0 billion in 2023[49]. - Total Annual Recurring Revenue (ARR) increased to $1.725 billion in 2024 from $1.626 billion in 2023, marking a growth of 6.1%[61]. Cloud Subscription Metrics - Cloud Subscription Annual Recurring Revenue (ARR) increased 34% year-over-year to $827 million in Q4 2024[4]. - Cloud Subscription ARR rose to $827.3 million in 2024, up from $616.8 million in 2023, indicating a significant increase of 34.1%[61]. - The company reported 284 customers spending over $1 million in subscription ARR, an 18% increase year-over-year[13]. - Subscription Net Retention Rate at the end-user level was 104% in 2024, down from 106% in 2023[61]. - Maintenance Renewal Rate decreased to 92% in 2024 from 95% in 2023[63]. Profitability and Income - GAAP Operating Income for the full-year 2024 was $127 million, with a GAAP Operating Margin of 7.7%[8]. - Non-GAAP Operating Income for the full-year 2024 was $537.5 million, with a Non-GAAP Operating Margin of 32.8%[8]. - Net income for Q4 2024 was $9.8 million, compared to a net income of $64.3 million in Q4 2023[49]. - Non-GAAP net income for Q4 2024 was $128,601, up 32.2% from $97,297 in Q4 2023[55]. - GAAP income from operations for Q4 2024 was $63,426, compared to $36,832 in Q4 2023, reflecting a growth of 72.1%[56]. Cash Flow and Financial Position - Cash and cash equivalents increased to $912.5 million as of December 31, 2024, up from $732.4 million in 2023[51]. - Total cash provided by operating activities for the twelve months ended December 31, 2024, was $409,850, an increase of 53.7% from $266,347 in 2023[53]. - Adjusted Unlevered Free Cash Flow (after-tax) is expected to be in the range of $540.0 million to $580.0 million, representing approximately -3.3% year-over-year decrease at the midpoint[23]. - Adjusted Free Cash Flows (after-tax) margin improved to 35% in Q4 2024 from 26% in Q4 2023[59]. - Net Debt as of December 31, 2024, was $1.823 billion, compared to $1.842 billion in 2023[67]. Future Guidance and Expectations - The company expects Cloud Subscription ARR to reach $1 billion by the end of 2025[2]. - Guidance for Q1 2025 projects Total Revenues between $380 million and $400 million, representing approximately 0.4% year-over-year growth at the midpoint[18]. - GAAP Total Revenues are expected to be in the range of $1.670 billion to $1.720 billion, representing approximately 3.4% year-over-year growth at the midpoint[23]. - Total ARR is expected to be in the range of $1.755 billion to $1.795 billion, representing approximately 2.9% year-over-year growth at the midpoint[23]. - Cloud Subscription ARR is expected to be in the range of $1.019 billion to $1.051 billion, representing approximately 25.1% year-over-year growth at the midpoint[23]. Operational Insights - The company processed 110.7 trillion cloud transactions per month in Q4 2024, a 29% increase year-over-year[13]. - The transition from perpetual licenses to cloud offerings is expected to impact Maintenance ARR in future quarters[36]. - The company emphasizes the importance of Cloud Subscription NRR as a metric for understanding growth within its cloud subscription customer base[37]. - The company is focusing on reducing operating expenses and adjusting cash flows in light of current business needs and priorities[25]. - The company plans to provide a reconciliation of non-GAAP financial measures to GAAP measures for better transparency[28].

After 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire ...

Table of Contents _____________________________ _____________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.01 par value per share INFA The New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANS ...