Investor Presentation July 30, 2024 2 Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances di ...

Informatica Inc. (NYSE:INFA) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Victoria Hyde-Dunn - Vice President, Investor Relations Amit Walia - Chief Executive Officer Mike McLaughlin - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Kash Rangan - Goldman Sach Koji Ikeda - Bank of America Andrew Nowinski - Wells Fargo Pinjalim Bora - JPMorgan Will Power - Baird Howard Ma - Guggenheim Patrick Colville - Scotiabank Operator Good afternoon. Thank you for ...

This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this company would post earnings of $0.20 per share when it actually produced earnings of $0.22, delivering a surprise of 10%. Informatica Inc., which belongs to the Zacks Internet - Software industry, posted revenues of $400.63 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.34%. This compares to year-ago revenues of $375.99 million. The company has topped consensus revenue ...

We review several operating and financial metrics, including the following unaudited non-GAAP financial measures and key business metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions: Adjusted EBITDA represents GAAP net income (loss) as adjusted for income tax benefit (expense), interest income, interest expense, debt refinancing costs, other income (expense) net, stock-based compensationrelated charges, inc ...

YCharts Seeking Alpha Customers > $100K Subscription ARR Customers > $1M Subscription ARR 24% YOY Grow 258 1.9-40 YCharts As noted in the previous section, INFA's revenue profile is poised to improve from a 6% CAGR business to 8% CAGR over the next three years. Besides the improving topline trajectory, also consider that as INFA's customers generate even more data (and we've noted how large clients are ramping up quite significantly), you could see them leverage INFA's AI-powered data management platform ev ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40936 _____________________________ Informatica Inc. ___________________________ ...

First Quarter 2024 Ended March 31, 2024 Financial Measures Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. In light of these risks and uncertainties, the forward-looking events ...

Financial Data and Key Metrics Changes - Cloud subscription ARR grew 35% year-over-year to $653 million, while total ARR rose 7% year-over-year to $1.64 billion [42][61][83] - Total revenue increased 6% year-over-year to $389 million, with non-GAAP operating income up 29% year-over-year to $109 million [42][88][90] - Adjusted unlevered free cash flow after-tax was $183 million, significantly better than expectations [91] Business Line Data and Key Metrics Changes - Subscription ARR increased 13% year-over-year to $1.16 billion, with cloud subscription revenue accounting for 60% of subscription revenues [63][107] - Professional services revenue declined year-over-year, consistent with previous trends as implementation partners take on more work [66] - The company closed over 30 cloud modernization deals, growing over 100% year-over-year, with PowerCenter Cloud Edition representing over 80% of these deals [48][143] Market Data and Key Metrics Changes - U.S. revenue grew 4% year-over-year to $242 million, while international revenue grew 11% to $147 million [67] - The cloud subscription net retention rate at the end-user level was 119%, up 1 percentage point year-over-year [62] Company Strategy and Development Direction - The company is focused on a cloud-only consumption-driven strategy, emphasizing ongoing data-driven digital transformation and GenAI to drive long-term value creation [19][40][80] - New product innovations include Cloud Data Access Management and CLAIRE GPT, aimed at enhancing data management capabilities [41][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the cloud-only strategy, reaffirming full-year guidance for 2024 [70][96] - The demand environment remains strong, with enterprises prioritizing data-driven digital transformation initiatives [140] Other Important Information - The company was recognized as a leader in the 2024 Gartner Magic Quadrant for augmented data quality solutions [30] - The introduction of PowerCenter Cloud Edition has accelerated migrations from on-premise to cloud [73][143] Q&A Session Summary Question: What is driving the growth in the number of customers spending over $1 million in subscription ARR? - Management noted that larger customers are increasingly adopting IDMC for various use cases, contributing to the growth [98][99] Question: How do GenAI initiatives impact sales cycles? - Management indicated that customers can use IDMC for both GenAI and non-GenAI projects, providing flexibility and not slowing down sales cycles [103][104] Question: Can you provide insights on PowerCenter Cloud Edition uptake? - Management confirmed that PowerCenter Cloud Edition has significantly influenced modernization deals, with expectations for continued growth [143][144]

Informatica Inc. (INFA) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.32, delivering a surprise of 10.34%.Over the last four quarters, the company ha ...

Financial Performance - GAAP Total Revenues increased 6.3% year-over-year to $388.6 million, with adjusted total revenues increasing 5.9% year-over-year when accounting for foreign exchange impacts [4][6]. - Total revenues for Q1 2024 were $388.6 million, a 6.3% increase from $365.4 million in Q1 2023 [42]. - Net income for Q1 2024 was $9.3 million, a significant recovery from a net loss of $116.4 million in Q1 2023 [42]. - Non-GAAP net income for Q1 2024 was $69,224 thousand, compared to $44,641 thousand in Q1 2023, marking an increase of about 55% [48]. - Total GAAP revenue for Q1 2024 was $388,607 thousand, up from $365,431 thousand in Q1 2023, representing a year-over-year increase of approximately 6% [52]. - The company generated $131,642 thousand in net cash provided by operating activities in Q1 2024, compared to $69,882 thousand in Q1 2023, indicating an increase of about 88% [46]. - Adjusted Unlevered Free Cash Flows (after-tax) for Q1 2024 were $182,980 thousand, up from $123,352 thousand in Q1 2023, reflecting a growth of approximately 48% [52]. - Cash and cash equivalents at the end of Q1 2024 were $855,068 thousand, up from $632,907 thousand at the end of Q1 2023, reflecting an increase of about 35% [46]. Subscription and Cloud Metrics - Cloud Subscription Annualized Recurring Revenue (ARR) rose 35% year-over-year to $653 million, while Subscription ARR increased 13% year-over-year to $1.16 billion [5][9]. - Cloud Subscription Annual Recurring Revenue increased to $652,545,000 in 2024 from $483,294,000 in 2023, representing a growth of 35.1% [53]. - Total Annual Recurring Revenue rose to $1,636,494,000 in 2024, up from $1,533,403,000 in 2023, marking an increase of 6.7% [53]. - Subscription revenue increased to $252.0 million in Q1 2024, up 17.8% from $213.9 million in Q1 2023 [42]. - Customers spending over $1 million in Subscription Annual Recurring Revenue increased to 258 in 2024 from 208 in 2023, a growth of 24% [55]. - Subscription Net Retention Rate decreased to 105% in 2024 from 110% in 2023 [53]. - Cloud transactions processed per month surged to 91.8 trillion in 2024, compared to 54.3 trillion in 2023, reflecting a growth of 68.9% [55]. - The company reported a Cloud Subscription Net Retention Rate (NRR) that continues to outpace total Subscription NRR, highlighting strong customer retention and upsell opportunities [34]. Operational Metrics - GAAP Operating Income was $3.2 million, with Non-GAAP Operating Income at $109.3 million, and GAAP Operating Cash Flow of $131.6 million [9]. - Gross profit for Q1 2024 was $306.9 million, compared to $283.5 million in Q1 2023, reflecting a gross margin improvement [42]. - Research and development expenses were $79.7 million in Q1 2024, slightly down from $82.0 million in Q1 2023, indicating a focus on efficiency [42]. - Adjusted EBITDA for Q1 2024 was $111,474 thousand, compared to $89,013 thousand in Q1 2023, indicating a growth of approximately 25% [51]. - Non-GAAP Operating Income for Q2 2024 is expected to be in the range of $107 million to $119 million, representing approximately 29.1% year-over-year growth at the midpoint [15]. Future Projections - Full-Year 2024 GAAP Total Revenues are expected to be in the range of $1.685 billion to $1.705 billion, representing approximately 6.3% year-over-year growth at the midpoint [15]. - Subscription ARR for Full-Year 2024 is expected to be in the range of $1.261 billion to $1.295 billion, indicating approximately 12.8% year-over-year growth at the midpoint [15]. - The company expects a continued shift from perpetual licenses to cloud subscriptions, which may impact Maintenance ARR in future quarters [32]. Restructuring and Charges - The Company recorded restructuring charges of $4.4 million in Q1 2024 as part of its November 2023 restructuring plan [14]. - The company’s stock-based compensation expense increased to $64,101 thousand in Q1 2024 from $50,342 thousand in Q1 2023, an increase of approximately 27% [48]. Debt and Liabilities - Total net debt decreased to $725,000,000 as of March 31, 2024, down from $850,000,000 as of December 31, 2023, a reduction of 14.7% [57]. - Total liabilities decreased to $2,822,099 thousand as of March 31, 2024, down from $2,989,484 thousand as of December 31, 2023, representing a reduction of approximately 6% [44]. - The company’s total current assets decreased to $1,700,036 thousand as of March 31, 2024, from $1,752,586 thousand as of December 31, 2023, a decline of about 3% [44].