Salesforce isn't going to buy the company.Shares of Informatica (INFA -7.59%) sank on Monday after the company confirmed that Salesforce won't be acquiring it. As of 1:30 p.m. ET, Informatica stock was down about 9%.Did a deal with modest upside fall apart?Informatica stock took a hit earlier in the month after an article from The Wall Street Journal said that Salesforce was looking to acquire the cloud-based data management company for less than its stock price at the time. However, Informatica released a ...

A huge name in the customer-relationship management space is apparently interested in owning the company.Trading was sprightly in enterprise cloud-data management specialist Informatica's (INFA -6.50%) stock on Monday. That wasn't necessarily a good development, as the company is apparently the target of a buyout offer that will see its shares change hands at something of a discount. Informatica's shares closed the day down by nearly 7%, a notably steeper decline than the S&P 500 index's 1.2% fall.Sources s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40936 Informatica Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Informatica Inc. (NYSE:INFA) Q4 2023 Earnings Conference Call February 14, 2024 5:00 PM ET Corporate Participants Victoria Hyde-Dunn - Vice President, Investor Relations Amit Walia - Chief Executive Officer Mike McLaughlin - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Brad Zelnick - Deutsche Bank Alex Zukin - Wolfe Research Kash Rangan - Goldman Sachs Patrick Colville - Scotiabank Koji Ikeda - Bank of America Howard Ma - Guggenheim Fred Havemeyer - Macquarie Tyler ...

Introducing CLAIRE® GPT Generative AI-powered Data Management Use natural language to find trusted datasets, explore relevance and understand business context Generate pipelines, recipes, rules, connections, glossaries, policies, and datasets from simple text 2 AUTO/TRANSPORTATION/TRAVEL BANKING/INSURANCE RETAIL/CPG TECHNOLOGY/SERVICES (2 LOB ~3,800 COMCAST Cognizan >$100K Subscription ARR Customers /\VNET Z HENRY SCHEIN® AH 26 Strategic Icosyste GSIs bal Channel Partn ulliv. MARCH 1,988 GOVT./PUBLIC SECTO ...

Subscription Revenue and Growth - Subscription revenue increased to $703.3 million for the nine months ended September 30, 2023, compared to $618.8 million for the same period in 2022, representing a growth of approximately 13.6%[129] - Total Annual Recurring Revenue (ARR) reached $1,575.9 million as of September 30, 2023, up from $1,467.8 million in 2022, indicating a year-over-year increase of about 7.4%[153] - The average Subscription ARR per customer increased from $252,000 in 2022 to $284,000 in 2023, reflecting a growth of approximately 12.7%[146] - Subscription Annual Recurring Revenue (ARR) is a key metric, reflecting the annualized cash value collected over a 12-month period from subscription contracts, excluding maintenance contracts[158] - Cloud Subscription ARR is a subset of Subscription ARR, providing visibility on the size and growth rate of cloud-based contracts[161] - The company expects subscription revenues to account for substantially all of its software revenues going forward due to the cessation of active selling of perpetual licenses[191] Customer Retention and Acquisition - Subscription Net Retention Rate was 106% as of September 30, 2023, down from 112% in 2022, while Cloud Subscription Net Retention Rate improved to 118% from 115%[153] - 54% of subscription customers as of September 30, 2023, did not have a prior perpetual license maintenance contract, indicating successful new customer acquisition efforts[144] - The subscription renewal rate remained stable at 94% for both September 30, 2023, and 2022, while maintenance renewal rate was 95% in 2023 compared to 96% in 2022[147] Financial Performance - The company reported a GAAP net income of $79,276 thousand for the three months ended September 30, 2023, compared to a net loss of $15,602 thousand in the same period of 2022[167] - Adjusted EBITDA for the three months ended September 30, 2023, was $132,189 thousand, an increase from $88,789 thousand in the same period of 2022[167] - Total revenues increased by 10% to $408.6 million for the three months ended September 30, 2023, compared to $371.9 million for the same period in 2022, primarily driven by a 22% increase in subscription revenues[187] - Subscription revenues reached $261.8 million, accounting for 64% of total revenues for the three months ended September 30, 2023, up from $214.0 million (58%) in the same period last year[189] - Net income for the three months ended September 30, 2023, was $79.3 million, a significant improvement from a net loss of $15.6 million in the same period in 2022[187] Revenue Composition and Changes - Perpetual license revenues decreased by 83% to $0.2 million for the three months ended September 30, 2023, down from $1.2 million in the same period in 2022, due to the cessation of active selling of perpetual licenses[192] - Maintenance revenues decreased to $124.3 million (30% of total revenues) for the three months ended September 30, 2023, from $127.9 million (34%) in the same period last year[195] - The company expects Maintenance ARR to decrease in future quarters as it shifts focus from perpetual licenses to cloud-based subscriptions[157] - Maintenance revenues are expected to continue to decrease gradually in dollar value and as a percentage of total revenue due to the cessation of active sales of perpetual licenses[196] Expenses and Cost Management - Research and development expenses increased to $85.9 million for the three months ended September 30, 2023, compared to $80.4 million in the same period last year[187] - Sales and marketing expenses decreased to $130.0 million (32% of total revenues) during the three months ended September 30, 2023, down from $132.3 million (36% of total revenues) for the same period in 2022, a 2% decrease[212] - General and administrative expenses increased to $41.9 million (10% of total revenues) during the three months ended September 30, 2023, compared to $31.3 million (8% of total revenues) for the same period in 2022, a 34% increase[214] - Research and development expenses are expected to decrease in absolute dollars as the company focuses on cloud products[177] Cash Flow and Investments - As of September 30, 2023, the company had $869.1 million in available cash, cash equivalents, and short-term investments, up from $716.1 million at the end of 2022[227] - Net cash provided by operating activities for the nine months ended September 30, 2023 was $165.3 million, compared to $139.3 million for the same period in 2022[230] - Net cash used in investing activities for the nine months ended September 30, 2023 was $53.0 million, primarily due to $255.1 million in purchases of investments[232] - The company anticipates continuing to acquire businesses and technologies to enhance product offerings, which may require raising additional funds for future acquisitions[235] Debt and Interest - As of September 30, 2023, the company had long-term debt outstanding with a carrying value of $1.83 billion, with a hypothetical interest rate change of 0.25% affecting interest expense by approximately $4.6 million annually[249] - Interest income increased to $10.4 million for the three months ended September 30, 2023, compared to $2.8 million for the same period in 2022, a 271% increase[221] - Interest expense increased to $39.3 million for the three months ended September 30, 2023, compared to $22.2 million for the same period in 2022, a 77% increase[221] Restructuring and Workforce Changes - The company plans to reduce its workforce by approximately 450 employees, representing about 7% of its global workforce, as part of a restructuring plan announced in January 2023[181] - Restructuring costs increased to $28.1 million (2% of revenues) during the nine months ended September 30, 2023, compared to no restructuring costs for the same period in 2022[220] Tax and Legal Matters - Income tax benefit for the three months ended September 30, 2023 was $70.6 million, compared to an expense of $2.8 million in the same period of 2022, reflecting a change of 2637%[224] - The effective tax rate is expected to remain volatile, with a decrease anticipated in Q4 2023 as cumulative pretax losses are expected to decline[225] - The company is not currently involved in any legal proceedings that would have a material adverse effect on its business[260] Currency and Hedging - The company has entered into foreign currency forward contracts to hedge against fluctuations in foreign currency exchange rates, with notional amounts totaling $108.7 million in U.S. dollar equivalents for Indian rupee expenses[253] - The company has cash flow hedges for its Indian Rupee expense exposure, hedging on a rolling twelve-month basis[251] - A hypothetical 10% increase in the value of all applicable foreign currencies relative to the U.S. dollar would have had approximately a $10.3 million negative impact on operating loss for the nine months ended September 30, 2023[251]

Informatica Inc. (NYSE:INFA) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Victoria Hyde-Dunn - Vice President of Investor Relations Amit Walia - Chief Executive Officer Mike McLaughlin - Chief Financial Officer Conference Call Participants Alex Zukin - Wolfe Research Matt Hedberg - RBC Brad Zelnick - Deutsche Bank Patrick Colville - Scotiabank Fred Havemeyer - Macquarie Koji Ikeda - Bank of America Howard Ma - Guggenheim Operator Hello, and welcome to the Informatica Inc ...

| --- | --- | |------------------------- ...

Financial Data and Key Metrics Changes - The company raised its non-GAAP operating income and adjusted unlevered free cash flow after tax guidance for the full year, reflecting strong execution in the first half of the year [5][46][73] - Total ARR was $1.55 billion, an increase of 8% year-over-year, driven by new cloud workloads and steady renewal rates [67] - Subscription revenue increased 10% year-over-year to $228 million, representing 61% of total revenue compared to 56% a year ago [20][30] - Operating margin improved to 23.3%, a 4.5 percentage point increase from 18.8% a year ago [45] Business Line Data and Key Metrics Changes - Cloud subscription ARR was $513 million, a 37% increase year-over-year, now representing 49% of total subscription ARR, up from 42% a year ago [41] - Self-managed subscription ARR declined slightly to $530 million, down 1% sequentially and up 1% year-over-year [18] - Maintenance ARR was down 7% year-over-year to $505 million, in line with expectations [42] Market Data and Key Metrics Changes - US revenue declined 1.6% year-over-year to $239 million, while international revenue grew 6% year-over-year to $137 million [44] - Customers spending more than $1 million in subscription ARR increased by 22% year-over-year to over 213 customers [31] Company Strategy and Development Direction - The company is focusing on a cloud-only consumption-driven strategy, aiming to displace legacy and single-point solution vendors [15][30] - Informatica is expanding its cloud-native AI-powered IDMC platform capabilities, integrating recent acquisitions to enhance data access management and privacy solutions [29] - The company is committed to product innovation and has launched several industry-specific solutions, including IDMC for ESG sustainability [31] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment remained stable in Q2, with no significant changes expected in the near term [30][79] - The company is optimistic about its cloud growth opportunities and is focused on executing its strategy effectively [39][112] Other Important Information - The company ended the second quarter with cash plus short-term investments of $821 million and net debt of $1.03 billion [22] - Adjusted unlevered free cash flow after tax is expected to be in the range of $370 million to $390 million, representing a 32% year-over-year increase at the midpoint [23] Q&A Session Summary Question: What trends are being observed towards the end of the quarter and the first month of Q3? - Management indicated that Q2 was stable and July showed similar stability, with no significant changes observed [79] Question: How is the adoption of Generative AI progressing among enterprises? - Management noted that enterprises are exploring use cases for Generative AI, with significant value creation opportunities identified [82][84] Question: What is driving the migration activity to the cloud? - The company highlighted that customers are increasingly interested in IPU consumption and better spend visibility, contributing to accelerated migration [99] Question: What is the outlook for cloud NRR in the back half of the year? - Management stated that cloud NRR is expected to remain stable, with a focus on maintaining growth in cloud ARR [150] Question: How is the sales team adjusting to the cloud-only and IPU-led sales motion? - Management expressed confidence in the sales team's ability to adapt and execute effectively under the new model [121]

High Growth Subscription ARR Cloud Differentiation Q2 2023 Adjusted Unlevered Free Cash Flow Margin (after-tax)6 Guidance Q2 2023 Results Q2 2023 -3% YoY Change at Midpoint Subscription ARR Product Innovation: • Expanded partnership with Amazon: launched Amazon Web Services (AWS) Point of Delivery (PoD) in Japan to scale our market reach in Asia Pacific; launched Informatica's secure agent, Private Link, on AWS; and announced the availability of Cloud Data Integration-Free service for Amazon Redshift. • Exp ...