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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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