Informatica (INFA) Tops Q1 EPS by 2c ; Offers Guidance

Informatica (NYSE: INFA) reported Q1 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $388.61 million versus the consensus estimate of $387.79 million.

GUIDANCE:

Informatica sees Q2 2024 revenue of $394-410 million, versus the consensus of $401.4 million.

Subscription ARR is expected to be in the range of $1.168 billion to $1.188 billion, representing approximately 13.0% year-over-year growth at the midpoint of the range.
Cloud Subscription ARR is expected to be in the range of $687 million to $697 million, representing approximately 35.0% year-over-year growth at the midpoint of the range.
Non-GAAP Operating Income is expected to be in the range of $107 million to $119 million, representing approximately 29.1% year-over-year growth at the midpoint of the range.

For earnings history and earnings-related data on Informatica (INFA) click here.

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