Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
27 October 2021Website:
http://www.informatica.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:57:09 GMTDividend
Analysts recommendations
Institutional Ownership
INFA Latest News
RIYADH, Saudi Arabia--(BUSINESS WIRE)--Informatica (NYSE: INFA), an enterprise cloud data management leader, today opened its doors to the first major data innovation summit in the Kingdom, which is set to outline a roadmap for how Saudi Arabia can accelerate its vision for becoming a cloud-first data-driven state ahead of the World Expo 2030. The event, Informatica Summit Saudi Arabia 2024, brings together top industry leaders from around the world, including companies such as Accenture and Go.
The selling pressure for Informatica Inc. (INFA) may have eased as it is currently in oversold territory. Along with this technical indicator, the consensus among Wall Street analysts in raising earnings estimates suggests that the stock is poised for a reversal in trend.
Informatica Inc. (NYSE:INFA) will hold its Q1 2024 Earnings Conference Call on May 1, 2024 at 5:00 PM ET. Company representatives include Victoria Hyde-Dunn, Amit Walia, and Mike McLaughlin. Various analysts from Bank of America, RBC Capital Markets, Deutsche Bank, Wells Fargo, Baird, JPMorgan, Guggenheim Securities, Scotiabank, and Citi will also be participating in the call. Thank you for joining today's Informatica First Quarter 2024 Earnings Conference Call.
Informatica Inc. (INFA) reported quarterly earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.20 per share. This is an improvement from earnings of $0.15 per share in the same quarter last year.
Amit Walia, CEO of Informatica, appears on 'Closing Bell Overtime' to discuss quarterly performance, incorporating AI, potential acquisitions, and other topics.
The company reported revenue of $388.6 million, an increase of 6% compared to last year.
The media report states that the cloud-services specialist is in discussions for a potential acquisition, but it may not be sold at a high price.
Salesforce (CRM) shares will be closely watched on Monday following news that the company is in advanced talks to purchase data-management software provider Informatica (INFA).
Informatica Inc. is recommended as a buy due to expected growth acceleration from cloud revenue and increased penetration of large customers. Recent results show strong performance, with subscription revenue growing 26% and cloud ARR growing 37% year-over-year. As the transition from legacy to cloud reaches an inflection point, INFA is expected to capture more market share and improve margins.
Informatica Inc. NASDAQ: INFA offers its artificial intelligence (AI) platform for enterprises to unify and manage their data to unlock transformative outcomes. The computer and technology sector company develops data management and integration tools through its AI-powered Intelligent Data Management Cloud (IDMC).
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What type of business is Informatica?
Informatica Inc. develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-cloud, hybrid systems at enterprise scale in the United States. The company's platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality products to profile, cleanse, standardize, and enrich data to deliver accurate, complete, and consistent data sets for analytics, data science, governance, and other initiatives; and master data management products to create an authoritative single source of truth of business-critical data to reduce data related errors and remove redundancies. Its platform also includes customer and business 360 products to create, visualize, and browse comprehensive 360-degree views of business-critical data; data catalog products that enables customers to quickly find, access, and understand enterprise data using a simple Google-like search experience; and governance and privacy products that help users govern data, enable compliance with regulatory and corporate policies, and drive broader data consumption. The company also offers maintenance and professional services. Informatica Inc. was founded in 1993 and is headquartered in Redwood City, California.
What sector is Informatica in?
Informatica is in the Technology sector
What industry is Informatica in?
Informatica is in the Software Infrastructure industry
What country is Informatica from?
Informatica is headquartered in United States
When did Informatica go public?
Informatica initial public offering (IPO) was on 27 October 2021
What is Informatica website?
https://www.informatica.com
Is Informatica in the S&P 500?
No, Informatica is not included in the S&P 500 index
Is Informatica in the NASDAQ 100?
No, Informatica is not included in the NASDAQ 100 index
Is Informatica in the Dow Jones?
No, Informatica is not included in the Dow Jones index
When does Informatica report earnings?
The next expected earnings date for Informatica is 02 August 2024