Salesforce-acquired Informatica's Q2 revenue beats estimates
Overview
Informatica Q2 revenue rises 1.7% yr/yr, beating analyst expectations
Net loss of $4.65 mln misses analyst estimates, per LSEG data
Adjusted operating income of $109.4 mln beats analyst expectations
Outlook
Informatica will not provide financial guidance due to pending Salesforce acquisition
Result Drivers
CLOUD SUBSCRIPTION GROWTH - Cloud Subscription ARR rose 28.2% yr/yr, driven by increased demand for AI-powered data management solutions
REVENUE IMPACT - Total ARR grew 3.1% yr/yr, with a positive FX impact of $2.4 mln
PRODUCT INNOVATION - New AI Agent Engineering service and CLAIRE Agents suite announced to enhance data management capabilities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $407.34 mln | $401.90 mln (13 Analysts) |
Q2 Net Income | Miss | -$4.65 mln | $63.10 mln (12 Analysts) |
Q2 Adjusted Operating Income | Beat | $109.40 mln | $100.90 mln (13 Analysts) |
Q2 Pretax Profit | Miss | -$35.46 mln | $83.50 mln (10 Analysts) |
Q2 ARR | $901 mln | ||
Q2 Gross Profit | $326.03 mln | ||
Q2 Software Revenue | $287.03 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Informatica Inc is $24.01, about 2.9% below its August 5 closing price of $24.70
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 15 three months ago
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