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Stock impact report

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 Show less Read more
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