Overview
Informatica Q3 revenue slightly beats analyst expectations
Net income for Q3 misses analyst estimates
Cloud Subscription ARR grows 29.5% yr/yr, driven by AI platform demand
Outlook
Company will not provide financial guidance due to pending Salesforce acquisition
Result Drivers
AI PLATFORM DEMAND - Cloud Subscription ARR grew 29.5% yr/yr due to demand for AI-powered IDMC platform
INCREASED CLOUD TRANSACTIONS - Processed 143.3 trillion cloud transactions per month, up 41% yr/yr
PRODUCT INNOVATION - Launch of CLAIRE Agents enhanced data management and integration capabilities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $439.16 mln | $435.97 mln (13 Analysts) |
Q3 Net Income | $4 mln | ||
Q3 Adjusted Operating Income | Beat | $161.40 mln | $156.36 mln (13 Analysts) |
Q3 Pretax Profit | $49.05 mln | ||
Q3 ARR | $969 mln | ||
Q3 Gross Profit | $358.20 mln | ||
Q3 Software Revenue | $320.66 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Informatica Inc is $25.00, about 0.6% above its November 4 closing price of $24.86
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nBw5cX6HRa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)