The latest announcement is out from Informatica ( (INFA) ).
Informatica, a leader in cloud data management, reported strong third-quarter 2024 results with a 36% increase in Cloud Subscription ARR to $748 million and a total ARR growth of 6.7% year-over-year to $1.68 billion, driven by robust demand for its AI-powered services. The company achieved a milestone by processing over 101 trillion cloud transactions monthly, reflecting its commitment to innovation. Informatica also announced a $400 million share repurchase plan and provided optimistic revenue guidance for the fourth quarter and full-year 2024.
Learn more about INFA stock on TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
