Informatica updates Q1 outlook to upper half of guidance; denies acquisition talks; CPO resigns

Informatica Inc.

Expects Q1 GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR and Non-GAAP OI in upper half of prior guidance ranges.
Anticipates Adjusted Unlevered Free Cash Flow (after-tax) significantly exceeding 100% of Non-GAAP Operating Income.
Reaffirms full-year 2024 financial outlook; Q1 results to be released May 1, 2024.
States it is not currently engaged in any acquisition discussions, responding to April 12 WSJ report.
Jitesh Ghai, EVP and Chief Product Officer, resigned April 18 to pursue an executive opportunity elsewhere.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jitesh Ghai

Executive Vice President and Chief Product Officer

Informatica Inc.

Effective: 2024-04-18
Filed: April 22, 2024, 7:59 PM ET

On April 18, 2024, Jitesh Ghai, the Company's Executive Vice President and Chief Product Officer, resigned to pursue an executive opportunity at another company.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Informatica Inc. updated its first quarter 2024, ended March 31, 2024 guidance (reaffirmed).

Period: first quarter 2024, ended March 31, 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Informatica, Inc. (the “Company”) issued a press release providing an update on its financial outlook for the first quarter 2024, ended March 31, 2024. The Company expects that first quarter GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR and Non-GAAP Operating Income to be all within the upper half of the guidance ranges previously provided by the Company in its February 14, 2024 earnings press release. In addition, the Company expects to report Adjusted Unlevered Free Cash Flow (after-tax) that significantly exceeds 100% of Non-GAAP Operating Income. The Company also reaffirmed its full-year 2024 financial outlook.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jitesh Ghai resigned as Executive Vice President and Chief Product Officer at Informatica Inc..

Action: resigned
Role: Executive Vice President and Chief Product Officer

Exact text from the filing

On April 18, 2024, Jitesh Ghai, the Company's Executive Vice President and Chief Product Officer, resigned to pursue an executive opportunity at another company.

View on SEC.gov

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Source: SEC EDGAR

accession 0001868778-24-000012

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