Informatica Inc. - INFA STOCK NEWS

The 2022 Informatica CDO Awards recognize leaders who excel in data management and innovation.

Informatica (NYSE: INFA) announced the recipients, honoring 12 leaders across four categories: Analytics Champions, Digital Innovators, Governance Gurus, and Operational Optimizers. A recent survey shows that 71% of chief data officers will boost cloud investments, and 68% will increase data management spending in 2023. Jitesh Ghai, Informatica's Chief Product Officer, emphasizes the pivotal role of Chief Data Officers in enhancing business productivity and achieving data-driven success.

Informatica (NYSE: INFA), a leader in enterprise cloud data management, announced its participation in two significant investor conferences. The Wolfe Research Software Conference will take place in New York on February 28, 2023, featuring group meetings. Following that, Informatica will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on March 9, 2023, at 1:05 p.m. PT (4:05 p.m. ET). This presentation will last approximately 30 minutes and will be available via webcast at investors.informatica.com. Informatica empowers global businesses with its AI-driven Intelligent Data Management Cloud™ (IDMC).

Informatica surpassed guidance for subscription annualized recurring revenue (ARR) in Q4 and full-year 2022. The company reported a total ARR of $994 million, a 24% increase year-over-year, and a cloud ARR of $451 million, up 42% year-over-year. Total revenues for Q4 decreased by 2% to $398.8 million, impacted by foreign exchange rates. For full-year 2022, total revenues reached $1.5 billion, a 4% increase, while subscription revenues increased by 15% to $857.2 million. Looking forward, Informatica projects Q1 2023 total revenues between $352 million and $362 million, reflecting a 1% decrease, with subscription ARR expected to grow by 19%.

Informatica (NYSE: INFA) has been named to CRN's annual Cloud 100 list for the second consecutive year, recognizing its position among top cloud technology providers. The award highlights Informatica's innovative solutions in cloud services and data management, crucial for digital transformation in enterprises. Currently, over 5,000 customers, including 85 of the Fortune 100 companies, rely on Informatica for driving data-led business strategies. CEO Amit Walia emphasized the company's growth within the cloud ecosystem, attributing this recognition to the company's commitment to empowering organizations in their digital transitions.

Informatica (NYSE: INFA) has received the J.D. Power Certified Assisted Technical Support distinction for the second consecutive year, recognizing the company's outstanding customer service experience in North America. This certification attests to Informatica's efforts to enhance customer satisfaction and operational competence, surpassing the top 20% of enterprise software companies in service excellence. Informatica's initiatives in 2022, including the launch of the Signature Select offerings and the Assurance Service, aimed to optimize customer experiences. The company emphasizes its commitment to customer-centric strategies within its business model.

Informatica (NYSE: INFA) has launched its inaugural Partner Awards program, recognizing over 22 partners for their significant contributions to cloud modernization and data management in 2022. The awards highlight top-tier partners such as Microsoft and Amazon Web Services for their collaboration and impact on Informatica's customer success. CEO Amit Walia emphasized the importance of these partnerships in enhancing brand recognition and shared achievements. The program reflects Informatica's revitalization of its partner ecosystem, aimed at improving partner enablement and business collaboration.

Informatica has appointed Michael McLaughlin as its new Chief Financial Officer, effective January 16, 2023, succeeding Eric Brown, who steps down to pursue other opportunities but will consult until March 31, 2023. McLaughlin brings extensive experience from FICO and investment banking. Informatica reaffirmed its financial outlook for Q4 and full-year 2022, projecting GAAP total revenues between $398 million and $408 million for Q4, and $1.505 billion to $1.515 billion for the full year. The company will report results on February 8, 2023.

Informatica (NYSE: INFA) was recognized as one of the 2023 Best Places to Work in IT by Foundry's Computerworld, ranking #40 among large organizations globally. The ranking highlights companies that prioritize employee engagement through benefits, career development, training, and diversity initiatives. Informatica's Chief Information Officer, Graeme Thompson, emphasized the company's strong culture and commitment to delivering value post-IPO. This recognition reflects the successful adaptation to evolving workplace demands and a focus on diversity in the IT talent pool.