Informatica Inc. develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-cloud, hybrid systems at enterprise scale in the United States. The company's platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality products to profile, cleanse, standardize, and enrich data to deliver accurate, complete, and consistent data sets for analytics, data science, governance, and other initiatives; and master data management products to create an authoritative single source of truth of business-critical data to reduce data related errors and remove redundancies. Its platform also includes customer and business 360 products to create, visualize, and browse comprehensive 360-degree views of business-critical data; data catalog products that enables customers to quickly find, access, and understand enterprise data using a simple Google-like search experience; and governance and privacy products that help users govern data, enable compliance with regulatory and corporate policies, and drive broader data consumption. The company also offers maintenance and professional services. Informatica Inc. was incorporated in 2021 and is headquartered in Redwood City, California.
IPO Year: 2021
Exchange: NYSE
Website: informatica.com
Date | Price Target | Rating | Analyst |
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4/3/2024 | $43.00 | Outperform | Robert W. Baird |
2/16/2024 | $26.00 → $44.00 | Neutral → Buy | Goldman |
11/14/2023 | $25.00 | Neutral | DA Davidson |
1/27/2023 | $24.00 | Buy | Guggenheim |
1/18/2023 | $15.00 | Sector Perform | Scotiabank |
1/12/2023 | $23.00 → $18.00 | Buy → Neutral | Citigroup |
1/3/2023 | $24.00 → $18.00 | Buy → Neutral | UBS |
9/13/2022 | $35.00 | Outperform | FBN Securities |
6/27/2022 | $40.00 → $28.00 | Buy → Neutral | Goldman |
2/17/2022 | $35.00 → $32.00 | Neutral | Credit Suisse |
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Box, Inc. (NYSE:BOX) today announced the appointment of Amit Walia to its Board of Directors, effective immediately. Walia brings more than 25 years of deep industry expertise, including his operating roles as CEO of Informatica and President of Products and Marketing at Informatica, as well as leadership roles at Symantec Corporation, Intuit Inc., and McKinsey & Company. "Amit's deep technology experience and extensive expertise leading operations, product, and marketing teams at global technology enterprises in areas of cloud data management, data governance and cybersecurity will be a valuable addition to our Board of Directors," said Bethany Mayer, Chair of the Box Board. "We're excite
REDWOOD CITY, Calif., Jan. 24, 2022 /PRNewswire/ -- Informatica (NYSE:INFA), the enterprise cloud data management leader, today announced the appointment of Jim Kruger, Executive Vice President (EVP) & Chief Marketing Officer (CMO). Kruger joins Informatica from Veeam Software where he was the Chief Marketing Officer driving innovation across every aspect of Veeam's marketing organization. He brings over 25-years of experience with demonstrated success in driving demand-generation, sales acceleration, product and solution marketing and brand equity for large scale enterprise software companies.
The advanced solutions include an easy-to-implement Blueprint for Azure OpenAI Service, enhanced SQL ELT and support for Apache Iceberg open table format Informatica ((INFA), a leader in enterprise AI-powered cloud data management, today announced three advanced capabilities for Microsoft Azure that will help customers build, deploy and activate AI and Analytics-driven innovations with trusted data. These transformative additions empower enterprises worldwide to unlock the full potential of GenAI and analytics using Microsoft's AI and Analytics services including Microsoft Azure OpenAI Service. The new capabilities are: Gen AI Blueprint for Azure OpenAI Service – Accelerates developm
Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced that a committee of its Board of Directors approved the commencement of repurchases of its Class A common stock through open market transactions under a $400 million stock repurchase authorization that was approved by Informatica's Board of Directors on October 29, 2024. Informatica expects to repurchase approximately $100 million of its Class A common stock by the end of 2024. The actual amount repurchased will depend on a variety of factors, including stock price, trading volume, and general business and market conditions. Therefore, there can be no assurances as to the timing and quantity
Media Alert – Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced the expansion of the industry's first enterprise GenAI-powered data management assistant, CLAIRE® GPT, in Europe and Asia Pacific (APAC), following the launch in North America in May 2024. With this expansion, CLAIRE® GPT's global footprint now includes a Europe and an APAC PoD (Point of Delivery), now providing regional availability across these regions and meeting customer demands with data residency, regulatory and application performance requirements. Joining the existing North America regions, the expansion enables customers with more delivery options to innovate with data
Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced the pricing of its previously announced underwritten registered secondary offering of 16,000,000 shares of its Class A common stock (the "Offering") by certain funds associated with Permira and Canada Pension Plan Investment Board (together, the "Selling Stockholders") at a price to the public of $25.50. In connection with the Offering, the Selling Stockholders have granted the underwriter a 30-day option to purchase up to 2,400,000 additional shares. The Offering is expected to close on November 12, 2024, subject to satisfaction of customary closing conditions. Informatica will not receive any
Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced the commencement of a proposed underwritten registered secondary offering of 16,000,000 shares of its Class A common stock (the "Offering") by certain funds associated with Permira and Canada Pension Plan Investment Board (together, the "Selling Stockholders"). In connection with the Offering, the Selling Stockholders intend to grant the underwriter a 30-day option to purchase up to 2,400,000 additional shares. Informatica will not receive any proceeds from the sale of its Class A common stock by the Selling Stockholders in the Offering. Goldman Sachs & Co. LLC is acting as the lead book-runni
Cloud Subscription Annualized Recurring Revenue (ARR) increased 36% year-over-year to $748 million Total ARR increased 6.7% year-over-year to $1.68 billion Surpassed 100 trillion in monthly processed cloud transactions 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, consu
Generative AI blueprints for enterprise-grade Generative AI applications are now available for AWS, Databricks, Google Cloud, Microsoft Azure, Oracle Cloud and Snowflake ecosystems Informatica ((INFA), a leader in enterprise AI-powered cloud data management, today announced the availability of Generative AI (GenAI) Blueprints which make it faster and easier for customers to build enterprise-grade GenAI applications on six industry-leading technology platforms. The blueprints — for AWS, Databricks, Google Cloud, Microsoft Azure, Oracle Cloud and Snowflake — include standard reference architectures, prebuilt, ecosystem-specific "recipes" and GenAI Model-as-a-Service and vector database conn
Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced that it has been recognized as a winner in two categories, "Innovation in Knowledge Management" and "Leveraging AI in Revenue Generation Workflows" in the Technology & Services Industry Association (TSIA) 2024 Star Awards, one of the highest honors in the technology and services industry. For the "Leveraging AI in Revenue Generation Workflows" category, Informatica was credited for its strategic emphasis on boosting customer retention and expansion based on a transformative approach, leveraging AI/ML applications to elevate customer experience and help customers accelerate time to value. With
Elizabeth Rafael stepping down to continue focus on CFO responsibilities at a public company Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced the appointment of Mitesh Dhruv, a seasoned financial executive with close to 25 years of experience advising technology companies, to its Board of Directors and as Chair of the Audit Committee. Dhruv was an executive at RingCentral, Inc. (NYSE:RNG), a cloud-based communications and collaboration solutions provider, from 2012 to 2021. Dhruv played a critical role in accelerating RingCentral's cloud growth and enhancing the company's financial performance, serving as Chief Financial Officer from 2017 to
Informatica (NYSE:INFA), a leader in enterprise cloud data management, today announced it will report financial results for the third quarter 2024, which ended September 30, 2024, following the close of the U.S. markets on Wednesday, October 30, 2024. Informatica will hold a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (833) 470-1428 from the United States or (404) 975-4839 internationally with access code 408713. A live webcast and replay of the conference call and earnings presentation materials will be available on the investor relations page of Informatica's
Cloud Subscription Annualized Recurring Revenue (ARR) increased 36% year-over-year to $748 million Total ARR increased 6.7% year-over-year to $1.68 billion Surpassed 100 trillion in monthly processed cloud transactions 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, consu
Informatica (NYSE:INFA), a leader in enterprise cloud data management, today announced it will report financial results for the third quarter 2024, which ended September 30, 2024, following the close of the U.S. markets on Wednesday, October 30, 2024. Informatica will hold a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (833) 470-1428 from the United States or (404) 975-4839 internationally with access code 408713. A live webcast and replay of the conference call and earnings presentation materials will be available on the investor relations page of Informatica's
Cloud Subscription Annualized Recurring Revenue (ARR) increased 37% year-over-year to $703 million Total ARR increased 7.8% year-over-year to $1.67 billion Results within or above all second quarter 2024 guidance metric ranges Raises full-year 2024 Cloud Subscription ARR, Subscription ARR, Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow (after-tax) guidance; updates Total Revenue guidance Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced financial results for its second quarter 2024, ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024
Informatica (NYSE:INFA), a leader in enterprise cloud data management, today announced it will report financial results for the second quarter 2024, which ended June 30, 2024, following the close of the U.S. markets on Tuesday, July 30, 2024. Informatica will hold a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (833) 470-1428 from the United States or (404) 975-4839 internationally with access code 653349. A live webcast and replay of the conference call and earnings presentation materials will be available on the investor relations page of Informatica's compan
Cloud Subscription Annualized Recurring Revenue (ARR) increased 35% year-over-year to $653 million Subscription ARR increased 13% year-over-year to $1.16 billion Exceeds mid-point of guidance across all first quarter 2024 metrics 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-
Updates First Quarter 2024 Financial Outlook Company Not Engaged in Acquisition Discussions Announces Chief Product Officer Jitesh Ghai Departure Informatica (NYSE:INFA), (the "Company"), an enterprise cloud data management leader, today provided the following business and financial updates. The Company announced today it is updating its first quarter 2024, ended March 31, 2024, financial outlook. The Company expects GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR and Non-GAAP Operating Income to be all within the upper half of the guidance ranges previously provided by the Company in its February 14, 2024, earnings press release. In addition, the Company expects to re
Informatica (NYSE:INFA), an enterprise cloud data management leader, today announced it will report financial results for the first quarter 2024, which ended March 31, 2024, following the close of the U.S. markets on Wednesday, May 1, 2024. Informatica will hold a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (833) 470-1428 from the United States or (404) 975-4839 internationally with access code 740918. A live webcast and replay of the conference call and earnings presentation materials will be available on the investor relations page of Informatica's company
Cloud Subscription Annual Recurring Revenue (ARR) in the fourth quarter and full-year 2023 increased 37% year-over-year to $617 million Subscription ARR in the fourth quarter and full-year 2023 increased 14% year-over-year to $1.13 billion Total ARR in the fourth quarter and full-year 2023 increased 7% year-over-year to $1.63 billion GAAP Total Revenues in the fourth quarter 2023 increased 12% year-over-year to $445 million and in the full-year 2023 increased 6% year-over-year to $1.60 billion Exceeds high end of guidance across all fourth quarter and full-year 2023 metrics Informatica (NYSE:INFA), an enterprise cloud data management leader, today announced financial results
Informatica (NYSE:INFA), an enterprise cloud data management leader, today announced it will report financial results for the fourth quarter and fiscal year 2023, which ended December 31, 2023, following the close of the U.S. markets on Wednesday, February 14, 2024. Informatica will hold a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (833) 470-1428 from the United States or (404) 975-4839 internationally with access code 148703. A live webcast and replay of the conference call and earnings presentation materials will be available on the investor relations page
Informatica (NYSE:INFA), an enterprise cloud data management leader, today announced it will report financial results for the third quarter of fiscal year 2023, which ended September 30, 2023, following the close of the U.S. markets on Wednesday, November 1, 2023. Informatica will hold a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (833) 470-1428 from the United States or (404) 975-4839 internationally with access code 513620. A live webcast and replay of the conference call and earnings presentation materials will be available on the investor relations page o
Robert W. Baird initiated coverage of Informatica with a rating of Outperform and set a new price target of $43.00
Goldman upgraded Informatica from Neutral to Buy and set a new price target of $44.00 from $26.00 previously
DA Davidson initiated coverage of Informatica with a rating of Neutral and set a new price target of $25.00
Guggenheim initiated coverage of Informatica with a rating of Buy and set a new price target of $24.00
Scotiabank initiated coverage of Informatica with a rating of Sector Perform and set a new price target of $15.00
Citigroup downgraded Informatica from Buy to Neutral and set a new price target of $18.00 from $23.00 previously
UBS downgraded Informatica from Buy to Neutral and set a new price target of $18.00 from $24.00 previously
FBN Securities initiated coverage of Informatica with a rating of Outperform and set a new price target of $35.00
Goldman downgraded Informatica from Buy to Neutral and set a new price target of $28.00 from $40.00 previously
Credit Suisse reiterated coverage of Informatica with a rating of Neutral and set a new price target of $32.00 from $35.00 previously
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Throughout the last three months, 6 analysts have evaluated Informatica (NYSE:INFA), offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 3 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $39.83, a high estimate of $43.00, and a low estimate of $37.00. A 2.85% drop is evident in the current average compared to the previous
Guggenheim analyst Howard Ma reiterates Informatica (NYSE:INFA) with a Buy and maintains $37 price target.
Throughout the last three months, 5 analysts have evaluated Informatica (NYSE:INFA), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 2 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Informatica and provided 12-month price targets. The average target is $40.4, accompanied by a high estimate of $43.00 and a low estimate of $37.00. A negative shift in sentimen
RBC Capital analyst Matthew Hedberg reiterates Informatica (NYSE:INFA) with a Outperform and maintains $41 price target.
Second Quarter 2024 Ending June 30, 2024:GAAP Total Revenues are expected to be in the range of $394 million to $410 million, representing approximately 6.9% year-over-year growth at the midpoint of the range.Subscription ARR is expected to be in the range of $1.168 billion to $1.188 billion, representing approximately 13.0% year-over-year growth at the midpoint of the range.Cloud Subscription ARR is expected to be in the range of $687 million to $697 million, representing approximately 35.0% year-over-year growth at the midpoint of the range.Non-GAAP Operating Income is expected to be in the range of $107 million to $119 million, representing approximately 29.1% year-over-year growth at the
Informatica (NYSE:INFA) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.21 by 4.76 percent. The company reported quarterly sales of $388.61 million which beat the analyst consensus estimate of $387.36 million by 0.32 percent. This is a 6.34 percent increase over sales of $365.43 million the same period last year.
International Business Machines Corporation (NYSE:IBM) is reportedly on the verge of acquiring cloud software provider HashiCorp Inc (NYSE:HCP), signaling potential growth for both entities. An acquisition of HashiCorp would likely entail a premium above its current stock value, reported The Wall Street Journal. Citing sources familiar with the matter, the report suggested that a deal for HashiCorp is likely to materialize soon, although there’s a possibility it may not proceed. HashiCorp, headquartered in San Francisco, specializes in cloud infrastructure setup, boasting partnerships with numerous tech giants, including Cisco Systems Inc (NASDAQ:CSCO), RedHat (owned by IBM), and Da
Salesforce Inc (NYSE:CRM) advocates for increased environmental regulation of artificial intelligence, pointing out the technology sector’s high energy usage and lack of emissions reporting. On Monday, the software developer announced its intention to push lawmakers and regulators to develop legislation that mandates AI emissions disclosure using standardized measurement and reporting metrics. Megan Lorenzen, Salesforce’s director of climate and energy, emphasized AI’s dual potential to worsen or mitigate environmental challenges. Also Read: Salesforce Leverages AI and Data Cloud for Future Expansion, Eyes Significant Margin Gains and Sustained Growth, Analyst Says Salesforce s