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Sep 30, 2021
Informatica Q3 2021 Earnings Report
Informatica's Q3 2021 financial results were announced, showcasing growth in subscription and cloud ARR, as well as GAAP total revenues.
Key Takeaways
Informatica reported strong Q3 2021 results, with subscription ARR increasing 36% year-over-year to $736 million and cloud ARR growing 44% year-over-year to $287 million. GAAP total revenues increased 11% year-over-year to $361.8 million.
Subscription ARR increased 36% year-over-year to $736 million.
Cloud ARR increased 44% year-over-year to $287 million.
GAAP total revenues increased 11% year-over-year to $361.8 million.
Subscription net retention rate was 116% at the end of September 30, 2021.
Informatica
Informatica
Informatica Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance & Professional Services Revenue
CapyFin.com Forward Guidance
The Company provides financial guidance for the fourth quarter of 2021 and full-year 2021 based on current market conditions and expectations.
Positive Outlook
- Total revenues in the range of $393.5 million to $398.5 million for Q4 2021, representing approximately 5% year-over-year growth.
- Subscription ARR in the range of $795.5 million to $800.5 million for Q4 2021, representing approximately 31% year-over-year growth.
- Cloud ARR in the range of $314.5 million to $319.5 million for Q4 2021, representing approximately 40% year-over-year growth.
- Non-GAAP operating income in the range of $90.0 million to $95.0 million for Q4 2021.
- Unlevered free cash flows (after-tax) in the range of $288.7 million to $298.7 million for full year 2021.
Challenges Ahead
- Guidance is based on current market conditions and expectations and is subject to various important cautionary factors.
- Reconciliation of non-GAAP operating income and unlevered free cash flow after-tax guidance to the most directly comparable GAAP measures is not available without unreasonable effort.
- Certain items cannot be reasonably predicted because of their high variability, complexity, and low visibility.
- The measures and effects of stock-based compensation expense specific to equity compensation awards and employer payroll tax-related items on employee stock transactions are directly impacted by the timing of employee stock transactions and unpredictable fluctuations in stock price.
- The year-end increase in share count includes Q4'21 post-IPO RSU grants to our global workforce as well as the IPO and the fully exercised greenshoe shares.
Revenue & Expenses
Visualization of income flow from segment revenue to net income