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Informatica (INFA)
NYSE:INFA
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.38Last Year’s EPS
$0.32Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 0.67%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted solid growth in cloud subscription ARR and the achievement of a significant milestone in cloud transactions. Despite some declines in self-managed subscriptions and professional services revenue, the company showed strong financial performance and expansion in large accounts, with positive recognition in the industry.Company Guidance
In the third quarter of 2024, Informatica exceeded the midpoint of its guidance ranges, driven by strong customer momentum and the execution of its cloud-only strategy. The company achieved a significant milestone by surpassing 100 trillion processed cloud transactions per month, underscoring the scale and capability of its AI-powered cloud platform, IDMC. Total revenue grew by 3.4% year-over-year, with total ARR increasing by 6.7%, and cloud subscription ARR growing by 36%. Informatica's cloud business is diversified, with 50% of cloud subscription ARR from data integration and API integration solutions and the other half from master data management, data catalog, and data governance. For the fourth quarter, Informatica reaffirmed its full-year guidance, expecting GAAP total revenues between $448 million and $468 million, cloud subscription ARR between $829 million and $843 million, and non-GAAP operating income between $162 million and $182 million.Cloud Subscription ARR Growth
Cloud subscription ARR grew by 36% year-over-year, reaching $748 million, and exceeded the midpoint of the guidance range.
Historical Milestone in Cloud Transactions
Informatica surpassed 100 trillion processed cloud transactions per month, showcasing the scale and capabilities of its AI-powered cloud platform, IDMC.
Strong Financial Performance
Non-GAAP operating income grew by 18% year-over-year, exceeding the high end of the guidance range, with a 35.8% operating margin.
Expansion in Large Accounts
Customers spending more than $1 million in subscription ARR increased by 18% year-over-year, and those spending more than $5 million almost doubled.
Recognition and Awards
Informatica was named a leader in The Forrester Wave Enterprise Data Catalogs Q3 2024 report and received two 2024 TSIA awards.
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INFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $26.68 | $27.30 | +2.32% |
| Jul 30, 2024 | $24.07 | $23.94 | -0.54% |
| May 01, 2024 | $30.85 | $30.32 | -1.72% |
| Feb 14, 2024 | $30.13 | $33.97 | +12.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Informatica (INFA) report earnings?
Informatica (INFA) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Informatica (INFA) earnings time?
Informatica (INFA) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INFA EPS forecast?
INFA EPS forecast for the fiscal quarter 2024 (Q4) is $0.38.
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