INFA - Informatica Inc. (INFA) Q1 2024 Earnings Call Transcript
2024-05-01 21:22:09 ET
Informatica Inc. (INFA)
Q1 2024 Earnings Conference Call
May 1, 2024, 5:00 PM ET
Company Participants
Victoria Hyde-Dunn - Vice President, Investor Relations
Amit Walia - Chief Executive Officer
Mike McLaughlin - Chief Financial Officer
Conference Call Participants
Koji Ikeda - Bank of America
Matt Hedberg - RBC Capital Markets
Brad Zelnick - Deutsche Bank
Andrew Nowinski - Wells Fargo
Will Power - Baird
Jay Patel - JPMorgan
Howard Ma - Guggenheim Securities
Joe Vandrick - Scotiabank
Tyler Radke - Citi
Presentation
Operator
Good afternoon, ladies and gentlemen. Thank you for joining today’s Informatica First Quarter 2024 Earnings Conference Call. My name is Sierra, and I will be your moderator for today’s call. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end.
It is now my pleasure to introduce your host, Victoria Hyde-Dunn, Vice President of Investor Relations. Please proceed.
Victoria Hyde-Dunn
Thank you. Good afternoon. And thank you for joining Informatica’s first quarter 2024 earnings conference call. Joining me today are Amit Walia, Chief Executive Officer; and Mike McLaughlin, Chief Financial Officer.
Before we begin, we have a couple of reminders. Our earnings press release and slide presentation are available on our Investor Relations website at investors.informatica.com. Our prepared remarks will be posted on the IR website after the conference call concludes.
During the call, we will be making comments of a forward-looking nature. Actual results may differ materially from those expressed or implied as a result of various risks and uncertainties. For more information about some of these risks, please review the company’s SEC filings, including the section titled, Risk Factors, included in our most recent 10-Q and 10-K filing for the full year 2023.
These forward-looking statements are based on information as of today and we assume no obligation to publicly update or revise our forward-looking statements, except as required by law.
Additionally, we will be discussing certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for, measures of financial performance prepared in accordance with GAAP.
A reconciliation of these items to the nearest U.S. GAAP measure can be found in this afternoon’s press release and our slide presentation available on Informatica’s Investor Relations website.
With that, it’s my pleasure to turn the call over to Amit.
Amit Walia
Well, thank you, Victoria. Thank you everyone for joining us today. I will start today’s call by summarizing three key points. First, we delivered a solid first quarter, executing a cloud-only consumption-driven strategy. In line with our pre-announcement last week, we delivered all key growth and profitability metrics above our midpoint guidance and we are reaffirming full year 2024 guidance....
Informatica Inc. (INFA) Q1 2024 Earnings Call Transcript