Informatica Expects Q4 Total Revenues Of $448M - $468M; Reaffirms FY24 Guidance Of $1.66B - $1.68B, Est $1.671B
Portfolio Pulse from Benzinga Newsdesk
Informatica has announced its expected Q4 total revenues to be between $448 million and $468 million. The company also reaffirmed its FY24 guidance, projecting revenues between $1.66 billion and $1.68 billion, aligning with estimates of $1.671 billion.
October 30, 2024 | 8:30 pm
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Informatica has provided a revenue forecast for Q4 between $448M and $468M and reaffirmed its FY24 guidance of $1.66B to $1.68B, aligning with market estimates.
The reaffirmation of FY24 guidance and alignment with market estimates suggests stability and predictability in Informatica's financial performance, which is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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