earnings
confidence high
sentiment positive
materiality 0.75
Informatica Q1'24 cloud subscription ARR up 35% YoY to $653M; revenue grows 6.3% to $388.6M
Informatica Inc.
2024-Q1 EPS reported
$0.03
revenue$388,607,000
- Cloud Subscription ARR rose 35% YoY to $653M; total ARR up 6.7% to $1.64B.
- GAAP subscription revenue increased 18% to $252M, with cloud revenue up 35% to $151.4M.
- Non-GAAP operating income of $109.3M; GAAP operating cash flow of $131.6M.
- Adjusted unlevered free cash flow (after-tax) of $183M; company exceeded mid-point of guidance across all Q1 metrics.