Informatica Expects GAAP Total Revenues Of $375M-$395M (Est $388.707M) For Q1, $1.685B-$1.705B (Est $1.679B) For FY24
Portfolio Pulse from Benzinga Newsdesk
Informatica has provided its revenue expectations for Q1 and FY24, projecting GAAP total revenues of $375M-$395M for Q1, slightly above the estimate of $388.707M, and $1.685B-$1.705B for FY24, also above the estimate of $1.679B.
February 14, 2024 | 9:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Informatica projects higher-than-expected revenues for Q1 and FY24, indicating potential growth and financial health.
Informatica's projection of higher-than-expected revenues for both Q1 and FY24 suggests a positive outlook on its financial health and growth prospects. This is likely to instill confidence among investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100