Informatica Inc Stock Price, News & Analysis

Informatica (NYSE: INFA), a leader in enterprise cloud data management, will present at several upcoming investor conferences. The schedule includes the Deutsche Bank 2022 Technology Conference on September 1 in Las Vegas, Citi's 2022 Global Technology Conference on September 7 in New York, and Goldman Sachs Communacopia + Technology Conference on September 13 in San Francisco. Webcasts will be available on Informatica's investor relations website. The company is known for its AI-powered Informatica Intelligent Data Management Cloud™.

Informatica (NYSE: INFA) has been recognized as a Leader in the IDG MarketScape: Worldwide Data Catalog Software Vendor Assessment (August 2022). This report highlights Informatica's strengths, including its largest market share in data integration and metadata management. The company's Intelligent Data Management Cloud™ utilizes a common foundation of metadata, enhancing automation across data management processes. Its adaptability across various cloud platforms and comprehensive metadata connectivity positions Informatica favorably for customers seeking robust data solutions.

Box, Inc. (NYSE:BOX) announced the appointment of Amit Walia to its Board of Directors, effective immediately. Walia brings over 25 years of experience in technology leadership, including roles as CEO of Informatica and positions at Symantec and Intuit. Box's Chair, Bethany Mayer, highlighted Walia's expertise in cloud data management and cybersecurity as key to the company's growth strategy. CEO Aaron Levie expressed optimism about Walia's insights aiding Box's market leadership and customer engagement as it enhances its Content Cloud platform.

Informatica (NYSE: INFA) has partnered with La Trobe University in Australia to implement its Customer 360, an AI-powered cloud-native SaaS solution aimed at improving student lifecycle management. This collaboration won La Trobe an honorary award at Informatica’s Innovation Awards 2022. The project will enhance data analytics and insights, simplifying data governance while optimizing marketing efforts to engage students throughout their journey. The implementation will occur in phases, starting with a 360-degree view of student data, followed by Reference 360 for managing reference data and governance.

Informatica reported a strong performance for Q2 2022, with total revenues rising 9% year-over-year to $372 million. The annual recurring revenue (ARR) increased 31% to $896 million, while cloud ARR surged 42% to $373 million. Subscription revenue rose 24% to $207 million. The firm aims for $1 billion in subscription ARR by year-end. Operating loss was $12.1 million, but non-GAAP operating income was $69.9 million. The company anticipates continued growth, albeit with estimated foreign exchange impacts.

Informatica (NYSE: INFA) will report its financial results for Q2 2022, ending June 30, on July 27, 2022, after U.S. market close. A conference call is scheduled for the same day at 1:30 p.m. PT. Investors can access the call at (844) 200-6205 (U.S.) or (929) 526-1599 (international). The results will be available on Informatica's investor relations website.

Informatica leads in enterprise cloud data management with over 5,000 customers globally, including 85 of the Fortune 100, showcasing its role in data-driven digital transformation.

Informatica (NYSE: INFA) announced a significant expansion of its partnership with Snowflake, unveiling the Informatica Enterprise Data Integrator for the Snowflake Marketplace. This new native application aims to enhance data integration for joint customers. Informatica also launched a no-cost data loader for Snowflake, streamlining cloud data management. Key innovations include enhanced data governance features and policy management integrations, facilitating better data use and compliance. The partnership aims to deliver improved customer service and operational efficiency across various sectors.

Informatica has announced significant updates to its Global Channel Partner Program, aimed at enhancing partner profitability and growth. Key initiatives include:

• Growth Incentives: Partners can now earn a percentage of licensing revenue for sourcing bookings, with a reduced payment cycle of 90 days.
• Advanced Certifications: Over 17,000 partners have completed the Foundations course, with new comprehensive training programs introduced.
• Channel Rewards: A new initiative to reward partner contributions through a points-based system.

These updates aim to support partners in facilitating cloud modernization for customers.