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Informatica
🇺🇸 NYSE:INFA
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Sep 30, 2023

Informatica Q3 2023 Earnings Report

Informatica's Q3 2023 financial results were reported, demonstrating strong performance and exceeding guidance across key metrics.

Key Takeaways

Informatica reported a strong Q3 2023, exceeding guidance for both top and bottom line. Key highlights include a 15% year-over-year increase in Subscription ARR to $1.08 billion and a 37% year-over-year increase in Cloud Subscription ARR to $550 million. The company also announced a restructuring plan to streamline costs and is raising its full-year Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow guidance.

Subscription ARR increased by 15% year-over-year, reaching $1.08 billion.

Cloud Subscription ARR grew by 37% year-over-year, totaling $550 million.

GAAP Total Revenues increased 10% year-over-year to $408.6 million.

The company is implementing a restructuring plan to reduce the global workforce by 10%.

Total Revenue
$409M
Previous year: $372M
+9.8%
EPS
$0.27
Previous year: $0.18
+50.0%
Cloud Subscription NRR
118%
Previous year: 112%
+5.4%
Cloud Transactions/Month
71.3
Previous year: 44.5T
-100.0%
Cloud ARR Customers
224
Previous year: 191
+17.3%
Gross Profit
$325M
Previous year: $285M
+14.0%
Cash and Equivalents
$869M
Previous year: $500M
+73.9%
Free Cash Flow
$56.9M
Previous year: $76.8M
-25.9%
Total Assets
$4.8B
Previous year: $4.66B
+3.0%

Informatica

Informatica

Informatica Revenue by Segment

Forward Guidance

Informatica provided financial guidance for Q4 and full-year 2023, including GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR and Non-GAAP Operating Income.

Positive Outlook

  • GAAP Total Revenues are expected to be in the range of $420 million to $440 million for Q4 2023.
  • Subscription ARR is expected to be in the range of $1,098 million to $1,118 million for Q4 2023.
  • Cloud Subscription ARR is expected to be in the range of $604 million to $614 million for Q4 2023.
  • Non-GAAP Operating Income is expected to be in the range of $130 million to $150 million for Q4 2023.
  • GAAP Total Revenues are expected to be in the range of $1,570 million to $1,590 million for full year 2023.

Challenges Ahead

  • Guidance includes the impact from macroeconomic conditions and expected foreign exchange headwinds versus the prior year comparable periods.
  • Total ARR is expected to be in the range of $1,585 million to $1,615 million for full year 2023.
  • Subscription ARR is expected to be in the range of $1,098 million to $1,118 million for full year 2023.
  • Cloud Subscription ARR is expected to be in the range of $604 million to $614 million for full year 2023.
  • Non-GAAP Operating Income is expected to be in the range of $130 million to $150 million for Q4 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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