Informatica Inc. - INFA STOCK NEWS

Informatica (NYSE: INFA) has been recognized as a Leader in the inaugural IDC MarketScape: Worldwide Cloud Integration Software and Services (iPaaS) 2023 Vendor assessment. The report highlighted Informatica's Intelligent Data Management Cloud (IDMC) for its advanced capabilities in cloud integration and automation. The iPaaS service supports various data management patterns, enabling seamless integration across environments. Chief Product Officer Jitesh Ghai emphasized the platform's cost-effectiveness and user-friendliness, facilitating rapid workflow design. Informatica's extensive experience in the data market and broad protocol support further solidify its competitive position.

Informatica (NYSE: INFA) has been ranked as the #1 data engineering vendor in the 2023 Data Engineering Market Study by Dresner Advisory Services. This recognition is based on key capabilities such as development, usability, and data process transformation. The report highlights that 77% of respondents consider data engineering crucial, a significant increase from 61% last year. Despite the growing demand for analytical data access, only 26% of firms rate their data engineering approaches as highly effective. Informatica's Intelligent Data Management Cloud processes 53 trillion transactions monthly and manages over 18 petabytes of metadata, supporting various data types across cloud ecosystems.

Informatica (NYSE: INFA) has launched the industry's only free cloud data integration services, Cloud Data Integration-Free and PayGo, simplifying data management for non-technical users. These services allow users to build data pipelines within minutes, and support major data platforms like Amazon Redshift and Google BigQuery. CDI-Free permits processing of up to 20 million rows or 10 hours of ETL per month at no cost, while PayGo has no limits but users pay per usage. This initiative aims to democratize data access and boosts productivity across organizations. Informatica's solutions cater to both technical and non-technical users.

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.