INFORMATICA INC Reports Earnings for Second Quarter of FY2023
August 4, 2023
🌥️Earnings Overview
On August 2 2023, Informatica Inc ($NYSE:INFA) released their earnings results for the second quarter of fiscal year 2023, which concluded on June 30 2023. The total revenue was USD 376.0 million, representing a 1.1% growth from the same period the prior year. Net income stood at USD -152.5 million, a decrease compared to the -30.5 million reported in the same quarter of the prior year.
Price History
The company’s earnings report, which was released before the market opened, revealed that net income had decreased from the same quarter last year, resulting in a decrease in the stock price. The company’s earnings report showed that their revenue was slightly higher than the previous year, but net income had decreased as a result of higher operating costs. This caused investors to become concerned about the company’s ability to remain profitable in the future. Analysts have also noted that the company’s cost structure has become increasingly unsustainable in recent quarters, which may indicate an inability to compete in the market. Despite the drop in stock price, the company’s management team is still confident that they can turn their business around and increase their profitability in the coming quarters. They have announced plans to reduce costs and streamline operations in order to remain competitive in a highly saturated market.
In addition, they are also planning to invest more in research and development to create innovative products that can help them capitalize on new opportunities. Overall, despite the dip in stock prices for INFORMATICA INC, investors are optimistic that the company will be able to turn things around and deliver strong earnings in the upcoming quarters. With their cost-cutting strategies and investments in R&D, the company is well-positioned to become a leader in their industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Informatica Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.51k | -288.8 | -18.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Informatica Inc. More…
| Operations | Investing | Financing |
| 220.56 | -159.13 | 29.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Informatica Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.83k | 2.91k | 6.71 |
Key Ratios Snapshot
Some of the financial key ratios for Informatica Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | – | 1.7% |
| FCF Margin | ROE | ROA |
| 14.1% | 0.8% | 0.3% |
Analysis
At GoodWhale, we have been carefully analyzing INFORMATICA INC and assessing their wellbeing. Our risk rating system has determined that INFORMATICA INC is a high risk investment in terms of financial and business aspects. After conducting a thorough review, we have detected 3 risk warnings in income sheet, balance sheet, cashflow statement. We urge potential investors to register with us so they can access this detailed analysis and make an informed decision before investing in INFORMATICA INC. With GoodWhale, you can be sure that your investments are made with full understanding of the risks involved. More…
Peers
Its main competitors are Veritone Inc, Insig AI PLC, and IXUP Ltd. Each company offers a different set of features and benefits, and it can be difficult to choose the right one for your business. Here is a brief overview of each company to help you make a decision.
– Veritone Inc ($NASDAQ:VERI)
Veritone Inc is a media intelligence company that uses artificial intelligence to help its clients extract actionable insights from their audio and video content. The company has a market cap of 232.35M as of 2022 and a Return on Equity of -48.09%. Veritone’s AI platform enables its clients to index, transcribe, and analyze their content in a more efficient and cost-effective way. The company’s clients include media and entertainment companies, news organizations, and government agencies.
– Insig AI PLC ($LSE:INSG)
Insig AI PLC is a UK-based company that provides artificial intelligence solutions. The company has a market capitalisation of 28 million as of 2022 and a return on equity of -5.9%. The company’s products are used in a variety of industries, including healthcare, retail, and manufacturing.
– IXUP Ltd ($ASX:IXU)
Pixup Ltd is a digital media company that operates in the online advertising and marketing industry. The company has a market capitalization of 35.01 million as of 2022 and a return on equity of -39.2%. The company offers a range of services including online advertising, social media marketing, and web design and development.
Summary
INFORMATICA INC reported their second quarter earnings results on August 2 2023, showing total revenue of USD 376.0 million, a 1.1% increase over the same period last year.
However, net income was USD -152.5 million, a much larger decrease than the year prior’s -30.5 million. The stock price reacted negatively to the news, moving down on the day of the announcement. Investors should take caution when considering INFORMATICA INC as an investment option. The company’s revenue has increased but its net income has taken a hit, suggesting that they are facing challenges in their operations and profitability metrics. It is important to do further research into their financials and operations to better understand the company’s performance and potential risks before investing.
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