NYSE$INFA

Informatica Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Informatica's Q2 2022 financial results were announced, exceeding guidance for total revenue, subscription and cloud ARR, and non-GAAP operating income.

Informatica reported a 9% increase in GAAP total revenues year-over-year to $372.0 million and a 24% increase in GAAP subscription revenues year-over-year to $207.0 million. The company's subscription ARR increased 31% year-over-year to $896 million, and cloud ARR increased 42% year-over-year to $373 million.

  • GAAP Total Revenues increased 9% year-over-year to $372.0 million.
  • GAAP Subscription Revenues increased 24% year-over-year to $207.0 million.
  • Total ARR increased 16% year-over-year to $1.4 billion.
  • Subscription annual recurring revenue (ARR) in the second quarter increased 31% year-over-year to $896 million.

Headline financials

Total Revenue

$372M

Previous: $342M+8.8%
EPS (adj)

$0.16

Previous: -$0.14+214.3%
Cloud transactions processed per month

38.5

Previous: 21.7+77.4%
Cloud Subscription NRR

113.0%

Previous: 116.0%-2.6%
Maintenance Renewal Rate

95.0%

Previous: 94.0%+1.1%
Capital Expenditures

-$1M

Previous: $555K-280.2%
Free Cash Flow

$85.1M

Previous: $38.9M+118.5%
Net Income

-$30.5M

Previous: -$34.3M+11.1%
Operating Income

-$12.1M

Previous: $14.4M-184.0%
Gross Profit

$286M

Previous: $263M+8.8%
Cash & Equivalents

$543M

Previous: $413M+31.6%
Total Assets

$4.74B

No prior period
Stock-Based Comp

$34.6M

Previous: $3.31M+944.7%

Revenue & EPS history

Informatica · Revenue · Quarterly

$372M

Q2 2022+8.8%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Informatica · $407M total across 3 segments · Q4 2021

  • Cloud subscription revenue
    $230M+23.5%
  • Maintenance revenue
    $167M
  • Self-managed subscription license revenue
    $10.2M-60.1%

Forward guidance

Informatica provided financial guidance for the third quarter and full year 2022, including GAAP total revenues, subscription ARR, cloud ARR, and non-GAAP operating income.

Tailwinds

  • GAAP Total Revenues are expected to be in the range of $385 million to $395 million for Q3 2022.
  • Subscription ARR is expected to be in the range of $920 million to $930 million for Q3 2022.
  • Cloud ARR is expected to be in the range of $399 million to $405 million for Q3 2022.
  • Non-GAAP Operating Income is expected to be in the range of $77 million to $84 million for Q3 2022.
  • GAAP Total Revenues are now expected to be in the range of $1,540 million to $1,560 million for full year 2022.

Headwinds

  • Total ARR is expected to be in the range of $1,520 million to $1,550 million for full year 2022.
  • Subscription ARR is expected to be in the range of $990 million to $1,010 million for full year 2022.
  • Cloud ARR is expected to be in the range of $438 million to $448 million for full year 2022.
  • Non-GAAP Operating Income is expected to be in the range of $325 million to $345 million for full year 2022.
  • Unlevered Free Cash Flow (after-tax) is now expected to be in the range of $290 million to $310 million for full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.1%

Avg return

30 days after

45%

10 / 22 earnings

Positive

+17.7%

Q3 2023

Best reaction

-26.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025
Q3 2025+0.1%+0.0%
Q2 2025-0.1%-0.0%+0.2%
Q1 2025+0.4%+2.3%+26.8%
Q4 2024-21.5%-20.7%-27.4%
Q3 2024+1.9%-4.3%-1.4%
Q2 2024-1.8%-2.4%+3.1%
Q1 2024-2.1%-3.1%-6.9%
Q4 2023+15.1%+15.6%+16.3%
Q3 2023+17.7%+18.7%+31.0%
Q2 2023+11.5%+13.4%+10.2%
Q1 2023-6.8%-3.0%+17.1%
Q4 2022-0.1%-1.0%-15.3%
Q3 2022-4.6%-3.1%-13.1%
Q2 2021+2.6%-1.4%-7.5%
Q2 2022+11.8%+13.2%+17.9%
Q1 2021-10.9%-7.0%+2.6%
Q1 2022-0.6%-6.3%-4.6%
Q4 2019-0.7%+7.2%+11.3%
Q4 2021-26.6%-25.8%-31.6%
Q4 2020+5.9%-0.5%-17.2%
Q3 2020+5.9%-0.5%-17.2%
Q3 2021-1.3%-5.8%+8.5%
Q2 2020
Q1 2020
Q1 2015
Q4 2014

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