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Jun 30, 2022
Informatica Q2 2022 Earnings Report
Informatica's Q2 2022 financial results were announced, exceeding guidance for total revenue, subscription and cloud ARR, and non-GAAP operating income.
Key Takeaways
Informatica reported a 9% increase in GAAP total revenues year-over-year to $372.0 million and a 24% increase in GAAP subscription revenues year-over-year to $207.0 million. The company's subscription ARR increased 31% year-over-year to $896 million, and cloud ARR increased 42% year-over-year to $373 million.
GAAP Total Revenues increased 9% year-over-year to $372.0 million.
GAAP Subscription Revenues increased 24% year-over-year to $207.0 million.
Total ARR increased 16% year-over-year to $1.4 billion.
Subscription annual recurring revenue (ARR) in the second quarter increased 31% year-over-year to $896 million.
Informatica
Informatica
Informatica Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance & Professional Services Revenue
CapyFin.com Forward Guidance
Informatica provided financial guidance for the third quarter and full year 2022, including GAAP total revenues, subscription ARR, cloud ARR, and non-GAAP operating income.
Positive Outlook
- GAAP Total Revenues are expected to be in the range of $385 million to $395 million for Q3 2022.
- Subscription ARR is expected to be in the range of $920 million to $930 million for Q3 2022.
- Cloud ARR is expected to be in the range of $399 million to $405 million for Q3 2022.
- Non-GAAP Operating Income is expected to be in the range of $77 million to $84 million for Q3 2022.
- GAAP Total Revenues are now expected to be in the range of $1,540 million to $1,560 million for full year 2022.
Challenges Ahead
- Total ARR is expected to be in the range of $1,520 million to $1,550 million for full year 2022.
- Subscription ARR is expected to be in the range of $990 million to $1,010 million for full year 2022.
- Cloud ARR is expected to be in the range of $438 million to $448 million for full year 2022.
- Non-GAAP Operating Income is expected to be in the range of $325 million to $345 million for full year 2022.
- Unlevered Free Cash Flow (after-tax) is now expected to be in the range of $290 million to $310 million for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income