NYSE$INFA
Informatica Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Informatica's Q2 2023 financial results were reported, demonstrating strong performance and exceeding guidance.
Informatica reported a strong second quarter in 2023, exceeding the high end of its guidance range across all key performance metrics. GAAP Total Revenues increased 1% year-over-year to $376.0 million, and GAAP Subscription Revenues increased 10% year-over-year to $227.6 million. The company also completed the acquisition of Privitar and raised its full-year 2023 non-GAAP operating income and adjusted unlevered free cash flow guidance.
- Subscription ARR increased 16% year-over-year to $1.04 billion.
- Cloud Subscription ARR increased 37% year-over-year to $513 million.
- GAAP Total Revenues increased 1% year-over-year to $376.0 million.
- Processed 60.7 trillion cloud transactions per month, an increase of 58% year-over-year.
Headline financials
Revenue & EPS history
Informatica · Revenue · Quarterly
$376M
Revenue by segment
Informatica · $407M total across 3 segments · Q4 2021
- Cloud subscription revenue$230M+23.5%56.5%
- Maintenance revenue$167M—41.0%
- Self-managed subscription license revenue$10.2M-60.1%2.5%
Forward guidance
Informatica provided guidance for the third quarter and full year 2023, including expectations for GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR, and Non-GAAP Operating Income. The acquisition of Privitar is expected to be immaterial to revenue and earnings in 2023.
Tailwinds
- GAAP Total Revenues are expected to be in the range of $395 million to $405 million for Q3 2023.
- Subscription ARR is expected to be in the range of $1,050 million to $1,060 million for Q3 2023.
- Cloud Subscription ARR is expected to be in the range of $537 million to $543 million for Q3 2023.
- Non-GAAP Operating Income is expected to be in the range of $110 million to $120 million for Q3 2023.
- Raising Adjusted Unlevered Free Cash Flow (after-tax) from $340 million to $360 million to a range of $370 million to $390 million for full year 2023.
Headwinds
- Guidance includes the impact from macroeconomic conditions and expected foreign exchange headwinds versus the prior year comparable periods.
- Total Revenues are expected to have ~$1m negative impact y/y for Q3 2023 due to FX.
- Total ARR is expected to have ~$1m negative impact y/y for Q3 2023 due to FX.
- Subscription ARR is expected to have ~$1m negative impact y/y for Q3 2023 due to FX.
- Cash paid for interest to be approximately $39 million for Q3 2023
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 2023
-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
| Quarter | Report date | Reaction (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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