Informatica Reports First Quarter 2024 Financial Results
Informatica Inc. (INFA)
Company Research
Source: Business Wire
Cloud Subscription Annualized Recurring Revenue (ARR) increased 35% year-over-year to $653 millionSubscription ARR increased 13% year-over-year to $1.16 billionExceeds mid-point of guidance across all first quarter 2024 metrics REDWOOD CITY, Calif.--(BUSINESS WIRE)--Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced financial results for its first quarter 2024, ended March 31, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501063501/en/Source: Informatica“We achieved strong first quarter results as we continue to execute our cloud-only strategy and have become the AI-powered data management platform for mission-critical operational workloads for enterprises," said Amit Walia, Chief Executive Officer at Informatica. "We continuously innovate and focus on the most impactful initiatives to create value for our customers, partners, and shareholders. Our powerful IDMC platform, CLAIR
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