First Quarter 2024 Ended March 31, 2024 Financial Measures Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events ...

Financial Data and Key Metrics Changes - Cloud subscription ARR grew 35% year-over-year to $653 million, while total ARR rose 7% year-over-year to $1.64 billion [42][61][83] - Total revenue increased 6% year-over-year to $389 million, with non-GAAP operating income up 29% year-over-year to $109 million [42][88][90] - Adjusted unlevered free cash flow after-tax was $183 million, significantly better than expectations [91] Business Line Data and Key Metrics Changes - Subscription ARR increased 13% year-over-year to $1.16 billion, with cloud subscription revenue accounting for 60% of subscription revenues [63][107] - Professional services revenue declined year-over-year, consistent with previous trends as implementation partners take on more work [66] - The company closed over 30 cloud modernization deals, growing over 100% year-over-year, with PowerCenter Cloud Edition representing over 80% of these deals [48][143] Market Data and Key Metrics Changes - U.S. revenue grew 4% year-over-year to $242 million, while international revenue grew 11% to $147 million [67] - The cloud subscription net retention rate at the end-user level was 119%, up 1 percentage point year-over-year [62] Company Strategy and Development Direction - The company is focused on a cloud-only consumption-driven strategy, emphasizing ongoing data-driven digital transformation and GenAI to drive long-term value creation [19][40][80] - New product innovations include Cloud Data Access Management and CLAIRE GPT, aimed at enhancing data management capabilities [41][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the cloud-only strategy, reaffirming full-year guidance for 2024 [70][96] - The demand environment remains strong, with enterprises prioritizing data-driven digital transformation initiatives [140] Other Important Information - The company was recognized as a leader in the 2024 Gartner Magic Quadrant for augmented data quality solutions [30] - The introduction of PowerCenter Cloud Edition has accelerated migrations from on-premise to cloud [73][143] Q&A Session Summary Question: What is driving the growth in the number of customers spending over $1 million in subscription ARR? - Management noted that larger customers are increasingly adopting IDMC for various use cases, contributing to the growth [98][99] Question: How do GenAI initiatives impact sales cycles? - Management indicated that customers can use IDMC for both GenAI and non-GenAI projects, providing flexibility and not slowing down sales cycles [103][104] Question: Can you provide insights on PowerCenter Cloud Edition uptake? - Management confirmed that PowerCenter Cloud Edition has significantly influenced modernization deals, with expectations for continued growth [143][144]

Informatica Inc. (INFA) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.32, delivering a surprise of 10.34%.Over the last four quarters, the company ha ...

Press release dated May 1, 2024 Informatica Reports First Quarter 2024 Financial Results REDWOOD CITY, CA, May 1, 2024 - Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced financial results for its first quarter 2024, ended March 31, 2024. "We achieved strong first quarter results as we continue to execute our cloud-only strategy and have become the AI-powered data management platform for mission-critical operational workloads for enterprises," said Amit Walia, Chief Execu ...

Salesforce isn't going to buy the company.Shares of Informatica (INFA -7.59%) sank on Monday after the company confirmed that Salesforce won't be acquiring it. As of 1:30 p.m. ET, Informatica stock was down about 9%.Did a deal with modest upside fall apart?Informatica stock took a hit earlier in the month after an article from The Wall Street Journal said that Salesforce was looking to acquire the cloud-based data management company for less than its stock price at the time. However, Informatica released a ...

A huge name in the customer-relationship management space is apparently interested in owning the company.Trading was sprightly in enterprise cloud-data management specialist Informatica's (INFA -6.50%) stock on Monday. That wasn't necessarily a good development, as the company is apparently the target of a buyout offer that will see its shares change hands at something of a discount. Informatica's shares closed the day down by nearly 7%, a notably steeper decline than the S&P 500 index's 1.2% fall.Sources s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 ...

Informatica Inc. (NYSE:INFA) Q4 2023 Earnings Conference Call February 14, 2024 5:00 PM ET Corporate Participants Victoria Hyde-Dunn - Vice President, Investor Relations Amit Walia - Chief Executive Officer Mike McLaughlin - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Brad Zelnick - Deutsche Bank Alex Zukin - Wolfe Research Kash Rangan - Goldman Sachs Patrick Colville - Scotiabank Koji Ikeda - Bank of America Howard Ma - Guggenheim Fred Havemeyer - Macquarie Tyler ...

Introducing CLAIRE® GPT Generative AI-powered Data Management Use natural language to find trusted datasets, explore relevance and understand business context Generate pipelines, recipes, rules, connections, glossaries, policies, and datasets from simple text 2 AUTO/TRANSPORTATION/TRAVEL BANKING/INSURANCE RETAIL/CPG TECHNOLOGY/SERVICES (2 LOB ~3,800 COMCAST Cognizan >$100K Subscription ARR Customers /\VNET Z HENRY SCHEIN® AH 26 Strategic Icosyste GSIs bal Channel Partn ulliv. MARCH 1,988 GOVT./PUBLIC SECTO ...

Subscription Revenue and Growth - Subscription revenue increased to $703.3 million for the nine months ended September 30, 2023, compared to $618.8 million for the same period in 2022, representing a growth of approximately 13.6%[129] - Total Annual Recurring Revenue (ARR) reached $1,575.9 million as of September 30, 2023, up from $1,467.8 million in 2022, indicating a year-over-year increase of about 7.4%[153] - The average Subscription ARR per customer increased from $252,000 in 2022 to $284,000 in 2023, reflecting a growth of approximately 12.7%[146] - Subscription Annual Recurring Revenue (ARR) is a key metric, reflecting the annualized cash value collected over a 12-month period from subscription contracts, excluding maintenance contracts[158] - Cloud Subscription ARR is a subset of Subscription ARR, providing visibility on the size and growth rate of cloud-based contracts[161] - The company expects subscription revenues to account for substantially all of its software revenues going forward due to the cessation of active selling of perpetual licenses[191] Customer Retention and Acquisition - Subscription Net Retention Rate was 106% as of September 30, 2023, down from 112% in 2022, while Cloud Subscription Net Retention Rate improved to 118% from 115%[153] - 54% of subscription customers as of September 30, 2023, did not have a prior perpetual license maintenance contract, indicating successful new customer acquisition efforts[144] - The subscription renewal rate remained stable at 94% for both September 30, 2023, and 2022, while maintenance renewal rate was 95% in 2023 compared to 96% in 2022[147] Financial Performance - The company reported a GAAP net income of $79,276 thousand for the three months ended September 30, 2023, compared to a net loss of $15,602 thousand in the same period of 2022[167] - Adjusted EBITDA for the three months ended September 30, 2023, was $132,189 thousand, an increase from $88,789 thousand in the same period of 2022[167] - Total revenues increased by 10% to $408.6 million for the three months ended September 30, 2023, compared to $371.9 million for the same period in 2022, primarily driven by a 22% increase in subscription revenues[187] - Subscription revenues reached $261.8 million, accounting for 64% of total revenues for the three months ended September 30, 2023, up from $214.0 million (58%) in the same period last year[189] - Net income for the three months ended September 30, 2023, was $79.3 million, a significant improvement from a net loss of $15.6 million in the same period in 2022[187] Revenue Composition and Changes - Perpetual license revenues decreased by 83% to $0.2 million for the three months ended September 30, 2023, down from $1.2 million in the same period in 2022, due to the cessation of active selling of perpetual licenses[192] - Maintenance revenues decreased to $124.3 million (30% of total revenues) for the three months ended September 30, 2023, from $127.9 million (34%) in the same period last year[195] - The company expects Maintenance ARR to decrease in future quarters as it shifts focus from perpetual licenses to cloud-based subscriptions[157] - Maintenance revenues are expected to continue to decrease gradually in dollar value and as a percentage of total revenue due to the cessation of active sales of perpetual licenses[196] Expenses and Cost Management - Research and development expenses increased to $85.9 million for the three months ended September 30, 2023, compared to $80.4 million in the same period last year[187] - Sales and marketing expenses decreased to $130.0 million (32% of total revenues) during the three months ended September 30, 2023, down from $132.3 million (36% of total revenues) for the same period in 2022, a 2% decrease[212] - General and administrative expenses increased to $41.9 million (10% of total revenues) during the three months ended September 30, 2023, compared to $31.3 million (8% of total revenues) for the same period in 2022, a 34% increase[214] - Research and development expenses are expected to decrease in absolute dollars as the company focuses on cloud products[177] Cash Flow and Investments - As of September 30, 2023, the company had $869.1 million in available cash, cash equivalents, and short-term investments, up from $716.1 million at the end of 2022[227] - Net cash provided by operating activities for the nine months ended September 30, 2023 was $165.3 million, compared to $139.3 million for the same period in 2022[230] - Net cash used in investing activities for the nine months ended September 30, 2023 was $53.0 million, primarily due to $255.1 million in purchases of investments[232] - The company anticipates continuing to acquire businesses and technologies to enhance product offerings, which may require raising additional funds for future acquisitions[235] Debt and Interest - As of September 30, 2023, the company had long-term debt outstanding with a carrying value of $1.83 billion, with a hypothetical interest rate change of 0.25% affecting interest expense by approximately $4.6 million annually[249] - Interest income increased to $10.4 million for the three months ended September 30, 2023, compared to $2.8 million for the same period in 2022, a 271% increase[221] - Interest expense increased to $39.3 million for the three months ended September 30, 2023, compared to $22.2 million for the same period in 2022, a 77% increase[221] Restructuring and Workforce Changes - The company plans to reduce its workforce by approximately 450 employees, representing about 7% of its global workforce, as part of a restructuring plan announced in January 2023[181] - Restructuring costs increased to $28.1 million (2% of revenues) during the nine months ended September 30, 2023, compared to no restructuring costs for the same period in 2022[220] Tax and Legal Matters - Income tax benefit for the three months ended September 30, 2023 was $70.6 million, compared to an expense of $2.8 million in the same period of 2022, reflecting a change of 2637%[224] - The effective tax rate is expected to remain volatile, with a decrease anticipated in Q4 2023 as cumulative pretax losses are expected to decline[225] - The company is not currently involved in any legal proceedings that would have a material adverse effect on its business[260] Currency and Hedging - The company has entered into foreign currency forward contracts to hedge against fluctuations in foreign currency exchange rates, with notional amounts totaling $108.7 million in U.S. dollar equivalents for Indian rupee expenses[253] - The company has cash flow hedges for its Indian Rupee expense exposure, hedging on a rolling twelve-month basis[251] - A hypothetical 10% increase in the value of all applicable foreign currencies relative to the U.S. dollar would have had approximately a $10.3 million negative impact on operating loss for the nine months ended September 30, 2023[251]