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Dec 31, 2022
Informatica Q4 2022 Earnings Report
Informatica's Q4 2022 financial results were reported, demonstrating solid performance and exceeding expectations for Subscription and Cloud ARR.
Key Takeaways
Informatica reported a decrease in GAAP Total Revenues by 2% year-over-year to $398.8 million, while GAAP Subscription Revenues increased by 4% year-over-year to $238.4 million. The company achieved a subscription net retention rate of 111%.
Subscription ARR reached $994 million, a 24% year-over-year increase.
Cloud ARR reached $451 million, a 42% year-over-year increase.
GAAP Total Revenues decreased 2% year-over-year to $398.8 million.
Subscription net retention rate was 111%.
Informatica
Informatica
Informatica Revenue by Segment
Revenue by Segment
Maintenance & Professional Services Revenue
CapyFin.comCloud Subscription Revenue
CapyFin.com Forward Guidance
Informatica anticipates GAAP Total Revenues to be in the range of $352 million to $362 million for Q1 2023. They also anticipate Subscription ARR to be in the range of $1,005 million to $1,015 million, and Cloud ARR to be in the range of $462 million to $468 million.
Positive Outlook
- GAAP Total Revenues are expected to be in the range of $352 million to $362 million, representing approximately a 1% year-over-year decrease at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1,005 million to $1,015 million, representing approximately 19% year-over-year growth at the midpoint of the range.
- Cloud ARR is expected to be in the range of $462 million to $468 million, representing approximately 35% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $74 million to $84 million, representing approximately a 5% year-over-year decrease at the midpoint of the range.
- GAAP Total Revenues are expected to be in the range of $1,570 million to $1,590 million for the full year 2023, representing approximately 5% year-over-year growth at the midpoint of the range.
Challenges Ahead
- Total ARR is expected to be in the range of $1,585 million to $1,615 million for the full year 2023, representing approximately 5% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1,098 million to $1,118 million for the full year 2023, representing approximately 11% year-over-year growth at the midpoint of the range.
- Cloud ARR is expected to be in the range of $604 million to $614 million for the full year 2023, representing approximately 35% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $400 million to $420 million for the full year 2023, representing approximately 17% year-over-year growth at the midpoint of the range.
- Unlevered Free Cash Flow (after-tax) is expected to be in the range of $340 million to $360 million for the full year 2023, representing approximately 21% year-over-year growth at the midpoint of the range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income