Informatica Sees FY24 Revenue $1.685B-$1.705B Vs $1.819B Estimate
Portfolio Pulse from Benzinga Newsdesk
Informatica projects its FY24 revenue to be between $1.685B and $1.705B, which is below the estimated $1.819B.
May 01, 2024 | 8:30 pm
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NEGATIVE IMPACT
Informatica's FY24 revenue projection is significantly lower than the market estimate, indicating potential challenges ahead.
Informatica's lower-than-expected revenue forecast for FY24 suggests the company may face operational or market challenges, potentially leading to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100