Informatica Sees FY24 Revenue From $1.685B-$1.705B To $1.66B-$1.68B
Portfolio Pulse from Benzinga Newsdesk
Informatica has revised its FY24 revenue guidance from a range of $1.685 billion-$1.705 billion to $1.66 billion-$1.68 billion.
July 30, 2024 | 8:10 pm
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Informatica has lowered its FY24 revenue guidance from $1.685 billion-$1.705 billion to $1.66 billion-$1.68 billion, indicating potential challenges in achieving previous revenue targets.
The downward revision in revenue guidance suggests that Informatica may be facing challenges in meeting its previous revenue targets. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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