INFA - Informatica Q1 results mixed co sees FY 2023 revenue in-line with consensus
2023-05-03 18:01:42 ET
- Informatica press release ( NYSE: INFA ): Q1 GAAP EPS of -$0.41 misses by $0.31 .
- Revenue of $365.43M (+0.9% Y/Y) beats by $7.11M .
- Subscription annualized recurring revenue (ARR) in the first quarter increased 20% year-over-year to $1.02 billion.
- Cloud subscription ARR in the first quarter increased 41% year-over-year to $483 million.
- Sees Q2 GAAP total revenues to be in the range of $355 million to $365 million vs. consensus of $384.05M.
- Sees FY 2023 GAAP total revenues to be in the range of $1.57B to $1.59B vs. consensus of $1.58B.
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Informatica Q1 results mixed, co sees FY 2023 revenue in-line with consensus