INFA - Informatica Non-GAAP EPS of $0.16 beats by $0.08 revenue of $372M beats by $7.36M

• Informatica press release ( NYSE: INFA ): Q2 Non-GAAP EPS of $0.16 beats by $0.08 .
• Revenue of $372M (+8.8% Y/Y) beats by $7.36M .
• Subscription annual recurring revenue ( ARR ) in the second quarter increased 31% year-over-year to $896 million
• Cloud ARR in the second quarter increased 42% year-over-year to $373 million
• Subscription revenue in the second quarter increased 24% year-over-year to $207 million
• Processed 38.5 trillion cloud transactions per month for the quarter ended June 30, 2022, as compared to 21.7 trillion cloud transactions per month in the same quarter last year, an increase of 77% year-over-year.
• Reported 175 customers that spend more than $1 million in subscription ARR at the end of June 30, 2022, an increase of 51% year-over-year.
• Reported 1,791 customers that spend more than $100,000 in subscription ARR at the end of June 30, 2022, an increase of 20% year-over-year.
• Achieved a subscription net retention rate of 113% at the end of June 30, 2022.

• Third Quarter 2022 Ending September 30, 2022:

  • GAAP Total Revenues are expected to be in the range of $385 million to $395 million ($404.3M consensus), representing approximately 8% year-over-year growth at the midpoint of the range.
  • Subscription ARR is expected to be in the range of $920 million to $930 million, representing approximately 26% year-over-year growth at the midpoint of the range.
  • Cloud ARR is expected to be in the range of $399 million to $405 million, representing approximately 40% year-over-year growth at the midpoint of the range.
  • Non-GAAP Operating Income is expected to be in the range of $77 million to $84 million.

  Full-Year 2022 Ending December 31, 2022:

  • GAAP Total Revenues are now expected to be in the range of $1,540 million to $1,560 million ($1.6B consensus), representing approximately 7% year-over-year growth at the midpoint of the range.
  • Total ARR is expected to be in the range of $1,520 million to $1,550 million, representing approximately 13% year-over-year growth at the midpoint of the range.
  • Subscription ARR is expected to be in the range of $990 million to $1,010 million, representing approximately 25% year-over-year growth at the midpoint of the range.
  • Cloud ARR is expected to be in the range of $438 million to $448 million, representing approximately 40% year-over-year growth at the midpoint of the range.
  • Non-GAAP Operating Income is expected to be in the range of $325 million to $345 million.
  • Unlevered Free Cash Flow (after-tax) is now expected to be in the range of $290 million to $310 million.

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