Informatica reports Q3 subscription ARR up 36% y/y » 08:1011/3011/30/21
"We continued our…
"We continued our strong global momentum in the third quarter with subscription ARR growing 36% year-over-year to $736 million, validating our success and expansion as a cloud-first, subscription-led data management leader. Cloud ARR increased by 44% year-over-year to $287 million, a testament to our competitive differentiation and the power of Informatica's Intelligent Data Management Cloud platform to drive meaningful return on investment for our customers and strategic partners," said Amit Walia, CEO at Informatica. "Looking ahead, our priority is to continue to drive growth and product-led innovation, which will allow us to maintain our clear leadership position in a large and growing market."
Informatica sees FY21 revenue $1.43B-$1.435B, consensus $1.43B » 08:0611/3011/30/21
Sees FY21: Subscription…
Sees FY21: Subscription ARR in the range of $795.5 million to $800.5 million, representing approximately 31% year-over-year growth; Cloud ARR in the range of $314.5 million to $319.5 million, representing approximately 40% year-over-year growth; Non-GAAP operating income in the range of $347.5 million to $352.5 million; Unlevered free cash flows (after-tax) in the range of $288.7 million to $298.7 million.
Informatica sees Q4 revenue $393.5M-$398.5M, consensus $396.19M » 08:0511/3011/30/21
Sees Q4: Subscription ARR…
Sees Q4: Subscription ARR in the range of $795.5 million to $800.5 million, representing approximately 31% year-over-year growth; Cloud ARR in the range of $314.5 million to $319.5 million, representing approximately 40% year-over-year growth; Non-GAAP operating income in the range of $90.0 million to $95.0 million.
Informatica reports Q3 adjusted EPS 23c, consensus 18c » 08:0311/3011/30/21
Reports Q3 revenue…
Reports Q3 revenue $361.8M, consensus $362.27M.
|Over a week ago|
Informatica initiated with a Neutral at Citi » 05:5511/2311/23/21
Citi analyst Tyler Radke…
Citi analyst Tyler Radke initiated coverage of Informatica with a Neutral rating and $37 price target. The analyst believes the company's high debt load coming out of private equity ownership could present a risk to its growth and strategic initiatives given the focus on de-levering and hitting margin targets.
Informatica initiated with a Buy at UBS » 07:5311/2211/22/21
UBS analyst Karl…
UBS analyst Karl Keirstead initiated coverage of Informatica with a Buy rating and $42 price target. Informatica is the dominant provider in the data management software sector and gaining share, with the model transition to ratable cloud-based subscriptions yet to fully play out, Keirstead tells investors in a research note.
Informatica initiated with a Buy at BofA » 07:4911/2211/22/21
BofA analyst Koji Ikeda…
BofA analyst Koji Ikeda initiated coverage of Informatica with a Buy rating and $45 price target. Enterprises are struggling to understand the velocity of data creation being exponentially higher than it was just a decade ago, which he believes is creating strong demand for next-gen data management platforms, like Informatica's next-gen IDMC platform powered by CLAIRE AI, Ikeda said. His due diligence with customers suggests that Informatica's brand and positioning in the data management category is strong, Ikeda added.
Wells Fargo bullish on Informatica, initiates with an Overweight » 07:0711/2211/22/21
As previously reported,…
As previously reported, Wells Fargo analyst Andrew Nowinski initiated coverage of Informatica with an Overweight rating and $42 price target. The analyst notes that over the past 6 years, Informatica has transformed its data management solution into an AI-powered cloud platform capable of processing more than 22 trillion transactions per month. Nowinski believes Informatica can leverage this competitive advantage to drive strong Cloud ARR growth, which should lift total revenue growth.
Informatica initiated with a Buy at Deutsche Bank » 06:4611/2211/22/21
Deutsche Bank analyst…
Deutsche Bank analyst Patrick Colville initiated coverage of Informatica with a Buy rating and $39 price target.
Informatica initiated with an Outperform at RBC Capital » 06:3411/2211/22/21
RBC Capital analyst…
RBC Capital analyst Matthew Hedberg initiated coverage of Informatica with an Outperform rating and $40 price target. The company has undergone a significant transformation since going private in 2015 including a complete architecture rebuild transitioning from selling on-premises software to cloud-native software, expanding its TAM from data integration to AI-driven data management, and a business model shift by transitioning from selling license/maintenance to subscription and SaaS, Hedberg tells investors in a research note.