INFORMATICA INC Reports Q1 Revenue of $365.4M, Exceeding Street Estimate of $358.3M

🌥️Trending News

INFORMATICA INC ($NYSE:INFA) is a leading provider of data management and analytics solutions. The company’s products and services help organizations to drive digital transformation and generate business value. Recently, INFORMATICA reported its Q1 revenue of $365.4M, exceeding analysts’ expectations of $358.3M. This strong growth was driven by increased demand for its data management and analytics solutions.

This performance was driven by strong collection efforts and the transition to a subscription-based business model. Moving forward, INFORMATICA expects to build on this success and continue to execute its strategy for long-term growth and success.

Earnings

In its latest earning report for FY2023 Q1 ending March 31 2021, INFORMATICA INC reported total revenue of $365.4 million, exceeding the market analyst’s average estimated revenue of $358.3 million. This represents a 7.9% decrease compared to the same period last year, when the company reported total revenue of 333.71 million USD. Despite this increase, INFORMATICA INC registered a net loss of 2.0 million USD in the latest quarter.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Informatica Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Informatica Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Informatica Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Informatica Inc are shown below. More…

Stock Price

INFORMATICA INC, a leading provider of enterprise data solutions, recently reported its first quarter financial results for 2021. The company reported revenues of $365.4 million, exceeding the analyst consensus of $358.3 million. On Monday, the company’s stock opened at $17.6 and closed at $17.7, down by 0.3% from its prior closing price of 17.7. Despite the slight dip in its stock price, the company is optimistic about its prospects moving forward and expects to build on its current momentum. Live Quote…

Analysis

GoodWhale conducted an analysis of INFORMATICA INC‘s financials, and based on the Star Chart, concluded that INFORMATICA INC has an intermediate health score of 6/10. This score indicates that the company is likely to be able to sustain operations in times of crisis. INFORMATICA INC is strong in cash flows and debt, medium in profitability, but weak in asset, dividend, and growth. We classified INFORMATICA INC as a ‘sloth’ – a company that has achieved revenue or earnings growth slower than the overall economy. Given its current financials, investors who are interested in a stable company with moderate rates of growth may be interested in investing in INFORMATICA INC. Investors looking for a higher rate of return may be attracted to other companies. 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 released their first quarter financial results, showing a revenue of $365.4M, which is above the expected $358.3M. This indicates that INFORMATICA has had a strong start to the year and is outperforming analysts’ expectations. Overall, INFORMATICA INC is primed for growth in the coming year and is a good opportunity for investors.