Informatica Updates Q1 Outlooks, Expects GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR And Non-GAAP Operating Income To Be All Within The Upper Half Of The Guidance Ranges Previously Provided By The Co In Its February 14, 2024, Earnings Press Release
Portfolio Pulse from Benzinga Newsdesk
Informatica (INFA) has updated its Q1 2024 financial outlook, expecting GAAP Total Revenues, Subscription ARR, Cloud Subscription ARR, and Non-GAAP Operating Income to be within the upper half of its previously provided guidance. The company also anticipates Adjusted Unlevered Free Cash Flow to significantly exceed 100% of Non-GAAP Operating Income and has reaffirmed its full-year 2024 financial outlook. Q1 2024 results will be announced on May 1, 2024.
April 22, 2024 | 1:14 pm
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Informatica expects Q1 2024 financials to be in the upper half of its guidance, with Adjusted Unlevered Free Cash Flow significantly exceeding Non-GAAP Operating Income, and reaffirms its full-year outlook.
Informatica's positive update on its Q1 2024 outlook, especially the expectation of financial metrics being in the upper half of its guidance and Adjusted Unlevered Free Cash Flow significantly exceeding Non-GAAP Operating Income, indicates strong business performance. This update is likely to instill confidence in investors about the company's growth trajectory and operational efficiency, potentially leading to a positive short-term impact on INFA's stock price.
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