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Sep 30, 2024
Informatica Q3 2024 Earnings Report
Informatica demonstrated strong performance driven by customer demand and successful execution of its cloud-only strategy, surpassing 101 trillion processed cloud transactions per month.
Key Takeaways
Informatica reported a 3.4% year-over-year increase in GAAP Total Revenues to $422.5 million for Q3 2024. Cloud Subscription ARR increased by 36% year-over-year to $747.8 million, and the company processed 101.3 trillion cloud transactions per month.
Cloud Subscription ARR increased 36% year-over-year to $747.8 million.
Total ARR increased 6.7% year-over-year to $1.68 billion.
GAAP Total Revenues increased 3.4% year-over-year to $422.5 million.
Processed 101.3 trillion cloud transactions per month, a 42% increase year-over-year.
Informatica
Informatica
Informatica Revenue by Segment
Revenue by Segment
Cloud Subscription Revenue
CapyFin.comSelf-managed Subscription Support Revenue
CapyFin.comMaintenance Revenue
CapyFin.comSelf-managed Subscription License Revenue
CapyFin.com Forward Guidance
Informatica provided guidance for the fourth quarter of 2024, with GAAP Total Revenues expected to be in the range of $448 million to $468 million and Cloud Subscription ARR expected to be in the range of $829 million to $843 million.
Positive Outlook
- GAAP Total Revenues are expected to be in the range of $448 million to $468 million, representing approximately 2.9% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.265 billion to $1.299 billion, representing approximately 13.2% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $829 million to $843 million, representing approximately 35.5% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $162 million to $182 million, representing approximately 6.3% year-over-year growth at the midpoint of the range.
- Total ARR is expected to be in the range of $1.718 billion to $1.772 billion, representing approximately 7.3% year-over-year growth at the midpoint of the range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income