INFA - Informatica Inc. (INFA) Q4 2023 Earnings Call Transcript
2024-02-14 23:51:03 ET
Informatica Inc. (INFA)
Q4 2023 Earnings Conference Call
February 14, 2024 17:00 ET
Corporate Participants
Victoria Hyde-Dunn - Vice President, Investor Relations
Amit Walia - Chief Executive Officer
Mike McLaughlin - Chief Financial Officer
Conference Call Participants
Matt Hedberg - RBC Capital Markets
Brad Zelnick - Deutsche Bank
Alex Zukin - Wolfe Research
Kash Rangan - Goldman Sachs
Patrick Colville - Scotiabank
Koji Ikeda - Bank of America
Howard Ma - Guggenheim
Fred Havemeyer - Macquarie
Tyler Radke - Citi
Andrew Nowinski - Wells Fargo
Presentation
Operator
Good afternoon, ladies and gentlemen. Thank you for joining today's Informatica Fourth Quarter 2023 Earnings Conference Call. My name is Tia, and I will be your moderator for today's call. [Operator Instructions]
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 Fourth Quarter and Full Year 2023 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'll 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 filings 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 on our slide presentation available on Informatica's Investor Relations website.
It is my pleasure to turn the call over to Amit.
Amit Walia
Well, thank you, Victoria, and thank you, everyone, for joining us today.
I will start today's call by summarizing 3 key points.
First, Informatica closed an outstanding fiscal 2023, outperforming all the top and bottom line guidance metrics for the fourth quarter and the full year. This was driven by a relentless focus on executing our cloud-only consumption-driven strategy, and strong customer momentum. These results are a testament to the power of AI-powered IDMC platform and category leadership in data management as a mission-critical component of the modern data stack.
Second, at our December Investor Day, we shared Informatica's innovation journey to deliver the best data management product on the industry's only AI-powered data management platform in a multi-vendor, multi-cloud, hybrid approach. Last year, we executed very strongly against that strategy, and I believe we are entering Informatica most exciting year ahead....
Informatica Inc. (INFA) Q4 2023 Earnings Call Transcript