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Dec 31, 2023
Informatica Q4 2023 Earnings Report
Informatica's Q4 2023 financial results were reported, demonstrating strong growth in cloud subscription ARR and overall revenue.
Key Takeaways
Informatica reported a 12% increase in GAAP total revenue to $445.2 million for Q4 2023. The company's cloud subscription ARR grew by 37% year-over-year to $616.8 million, and subscription ARR increased by 14% to $1.13 billion. Informatica exceeded the high end of guidance across all fourth quarter metrics.
GAAP Total Revenues increased 12% year-over-year to $445.2 million.
GAAP Cloud Subscription Revenue increased 39% year-over-year to $140.3 million, representing 47% of subscription revenues.
Cloud Subscription ARR increased 37% year-over-year to $616.8 million.
Processed 86.0 trillion cloud transactions per month, a 62% 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 financial guidance for Q1 2024 and full year 2024, including expectations for 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 $375 million to $395 million for Q1 2024, representing approximately 5.4% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.135 billion to $1.155 billion for Q1 2024, representing approximately 12.2% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $645 million to $655 million for Q1 2024, representing approximately 34.5% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $97 million to $117 million for Q1 2024, representing approximately 26.2% year-over-year growth at the midpoint of the range.
- GAAP Total Revenues are expected to be in the range of $1.685 billion to $1.705 billion for full year 2024, representing approximately 6.3% year-over-year growth at the midpoint of the range.
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 $1.718 billion to $1.772 billion for full year 2024, representing approximately 7.3% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.261 billion to $1.295 billion for full year 2024, representing approximately 12.8% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $826 million to $840 million for full year 2024, representing approximately 35.1% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $533 million to $553 million for full year 2024, representing approximately 17.5% year-over-year growth at the midpoint of the range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income