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Informatica
🇺🇸 NYSE:INFA
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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.

Total Revenue
$372M
Previous year: $342M
+8.8%
EPS
$0.16
Previous year: -$0.14
-214.3%
Cloud Subscription NRR
113%
Previous year: 116%
-2.6%
Cloud Transactions/Month
38.5
Previous year: 21.7
+77.4%
Cloud ARR Customers
175
Previous year: 116
+50.9%
Gross Profit
$286M
Previous year: $263M
+8.8%
Cash and Equivalents
$543M
Previous year: $413M
+31.6%
Free Cash Flow
$32.7M
Previous year: $38.9M
-16.0%
Total Assets
$4.74B

Informatica

Informatica

Informatica Revenue by Segment

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

Company Overview

Full financial data and analysis

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