Informatica Updates Q1 Outlooks, Expects GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR And Non-GAAP Operating Income To Be All Within The Upper Half Of The Guidance Ranges Previously Provided By The Co In Its February 14, 2024, Earnings Press Release

Author: Benzinga Newsdesk | April 22, 2024 09:14am

The Company announced today it is updating its first quarter 2024, ended March 31, 2024, financial outlook. The Company expects GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR and Non-GAAP Operating Income to be all within the upper half of the guidance ranges previously provided by the Company in its February 14, 2024, earnings press release. In addition, the Company expects to report Adjusted Unlevered Free Cash Flow (after-tax) that significantly exceeds 100% of Non-GAAP Operating Income. The Company also reaffirmed its full-year 2024 financial outlook. First quarter 2024 financial results will be released on May 1, 2024, after market close, as previously announced.

"Our business fundamentals continue to be very strong and we look forward to discussing our first quarter financial results and outlook on May 1," said Amit Walia, CEO of Informatica.

Posted In: INFA