Informatica Reports Third Quarter 2024 Financial Results
Informatica Inc. (INFA)
Company Research
Source: Business Wire
Cloud Subscription Annualized Recurring Revenue (ARR) increased 36% year-over-year to $748 millionTotal ARR increased 6.7% year-over-year to $1.68 billionSurpassed 100 trillion in monthly processed cloud transactions REDWOOD CITY, Calif.--(BUSINESS WIRE)--Informatica (NYSE: INFA), a leader in enterprise AI-powered cloud data management, today announced financial results for its third quarter 2024, ended September 30, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030921377/en/Source: Informatica Q3 2024“Q3 was another impressive quarter for us, driven by customer demand for the IDMC platform and continued successful execution of our cloud-only, consumption-driven strategy. We achieved a historic milestone at Informatica by surpassing 101 trillion processed cloud transactions per month. This accomplishment reflects our commitment to product innovation, customer-centricity, and our goal of being the Switzerland of
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News
- Informatica Inc. (NYSE: INFA) is now covered by analysts at Truist Financial Co.. They set a "buy" rating and a $34.00 price target on the stock.MarketBeat
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- Informatica Positioned Furthest on the Completeness of Vision Axis and Highest on the Ability to Execute Axis for 11 Consecutive Years in the Gartner® Magic Quadrantâ„¢ for Data Integration ToolsBusiness Wire
- Informatica Announces Broad Innovation Agenda for Analytics and GenAI Solutions, Built on AWSBusiness Wire
- Informatica Inc. (INFA) to Host Webcast on Modern Cloud Data Architectures and IDMC's Role in Cloud Transformation [Yahoo! Finance]Yahoo! Finance
INFA
Earnings
- 10/30/24 - Beat
INFA
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 11/19/24 - Form 4
- INFA's page on the SEC website