NYSE$INFA
Informatica Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Informatica's Q4 2023 financial results were reported, demonstrating strong growth in cloud subscription ARR and overall revenue.
Informatica reported a 12% increase in GAAP total revenue to $445.2 million for Q4 2023. The company's cloud subscription ARR grew by 37% year-over-year to $616.8 million, and subscription ARR increased by 14% to $1.13 billion. Informatica exceeded the high end of guidance across all fourth quarter metrics.
- GAAP Total Revenues increased 12% year-over-year to $445.2 million.
- GAAP Cloud Subscription Revenue increased 39% year-over-year to $140.3 million, representing 47% of subscription revenues.
- Cloud Subscription ARR increased 37% year-over-year to $616.8 million.
- Processed 86.0 trillion cloud transactions per month, a 62% increase year-over-year.
Headline financials
Revenue & EPS history
Informatica · Revenue · Quarterly
$445M
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 financial guidance for Q1 2024 and full year 2024, including expectations for GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR, and Non-GAAP Operating Income.
Tailwinds
- GAAP Total Revenues are expected to be in the range of $375 million to $395 million for Q1 2024, representing approximately 5.4% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.135 billion to $1.155 billion for Q1 2024, representing approximately 12.2% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $645 million to $655 million for Q1 2024, representing approximately 34.5% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $97 million to $117 million for Q1 2024, representing approximately 26.2% year-over-year growth at the midpoint of the range.
- GAAP Total Revenues are expected to be in the range of $1.685 billion to $1.705 billion for full year 2024, representing approximately 6.3% year-over-year growth at the midpoint of the range.
Headwinds
- Guidance includes the impact from macroeconomic conditions and expected foreign exchange headwinds versus the prior year comparable periods.
- Total ARR is expected to be in the range of $1.718 billion to $1.772 billion for full year 2024, representing approximately 7.3% year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $1.261 billion to $1.295 billion for full year 2024, representing approximately 12.8% year-over-year growth at the midpoint of the range.
- Cloud Subscription ARR is expected to be in the range of $826 million to $840 million for full year 2024, representing approximately 35.1% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $533 million to $553 million for full year 2024, representing approximately 17.5% year-over-year growth at the midpoint of the range.
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 Q4 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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