Informatica Sees Q3 Revenue $395M-$405M Vs $403.28M Est.; FY23 Revenue $1.57B-$1.59B Vs $1.58B Est.
Portfolio Pulse from Happy Mohamed
Informatica has provided its Q3 and FY23 revenue guidance. For Q3, it expects GAAP total revenues to be between $395M and $405M, representing approximately 8% YoY growth. For FY23, it expects GAAP total revenues to be between $1.57B and $1.59B, representing approximately 5% YoY growth. The company also raised its Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow for FY23.
August 04, 2023 | 12:08 pm
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POSITIVE IMPACT
Informatica's Q3 and FY23 revenue guidance indicates growth, which could positively impact its stock. The company also raised its Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow for FY23, which could further boost investor confidence.
Informatica's revenue guidance for Q3 and FY23 indicates growth, which is a positive signal for investors. Additionally, the company's raised Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow for FY23 could indicate improved profitability, which could further boost investor confidence and potentially lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100