- Informatica press release (NYSE:INFA): Q1 Non-GAAP EPS of $0.22 beats by $0.02.
- Revenue of $388.6M (+6.3% Y/Y) beats by $0.73M.
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Outlook: Second Quarter 2024 Ending June 30, 2024:
- GAAP Total Revenues are expected to be in the range of $394 million to $410 million vs. $401.44M consensus, representing approximately 6.9% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.168 billion to $1.188 billion, representing approximately 13.0% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $687 million to $697 million, representing approximately 35.0% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $107 million to $119 million, representing approximately 29.1% year-over-year growth at the midpoint of the range.
Based on information available as of May 1, 2024, the Company reaffirms previously provided guidance for the full-year 2024, as follows:
Full-Year 2024 Ending December 31, 2024:
- GAAP Total Revenues are expected to be in the range of $1.685 billion to $1.705 billion vs. $1.70B consensus, representing approximately 6.3% year-over-year growth at the midpoint of the range.
- Total ARR is expected to be in the range of $1.718 billion to $1.772 billion, representing approximately 7.3% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.261 billion to $1.295 billion, representing approximately 12.8% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $826 million to $840 million, representing approximately 35.1% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $533 million to $553 million, representing approximately 17.5% year-over-year growth at the midpoint of the range.
- Adjusted Unlevered Free Cash Flow (after-tax) is expected to be in the range of $535 million to $555 million, representing approximately 20.8% year-over-year growth at the midpoint of the range.
