Informatica Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024; Reaffirms Earnings Guidance for the Full Year Ending December 31, 2024
May 01, 2024 at 04:05 pm EDT
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Informatica Inc. provided earnings guidance for the second quarter ending June 30, 2024 and full year ending December 31, 2024. For the second quarter, GAAP Total Revenues are expected to be in the range of $394 million to $410 million, representing approximately 6.9% year-over-year growth at the midpoint of the range.
For the full year, the company re-affirms 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 of the range.
Informatica Inc. is an enterprise cloud data management company. The Company provides artificial intelligence (AI)-powered Intelligent Data Management Cloud (IDMC) platform, which connects, manages and unifies data across any multi-cloud, hybrid system, empowering enterprises to advance their data strategies. The Company's platform enables enterprises to create a single source of truth for their data, allowing them to create compelling 360-degree customer experiences, automate data operations across enterprise-wide business processes like supply chain management, financial planning and operations, and provide governed and secure data access to their employees. The Companyâs platform also consists of a range of interoperable data management products, including data integration, data quality, master data management, customer and business 360 applications, data catalog, data marketplace, and governance and privacy. Its AI engine, CLAIRE, is designed to manage petabytes of active metadata.
Informatica Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024; Reaffirms Earnings Guidance for the Full Year Ending December 31, 2024
INFORMATICA INC. 
