Informatica reports Q1 EPS 22c, consensus 21c

Reports Q1 revenue $388.607M, consensus $387.36M. “We achieved strong first quarter results as we continue to execute our cloud-only strategy and have become the AI-powered data management platform for mission-critical operational workloads for enterprises,” said Amit Walia, Chief Executive Officer at Informatica. “We continuously innovate and focus on the most impactful initiatives to create value for our customers, partners, and shareholders. Our powerful IDMC platform, CLAIRE AI, expanding ecosystem, cloud modernization program, and increasing scale puts us in a unique position to capitalize on the GenAI revolution and deliver the modern data management stack for enterprises.”