2023-08-17 14:00:00
In episode 103 of the Acceleration Economy Minute, Kieron Allen discusses financial and operational performance results from Informatica, which is on the Acceleration Economy Top 10 Shortlist of Data Modernization Enablers.
Highlights
00:27 — Among the highlights in Informatica’s Q2 financial results: annual recurring revenue (ARR) in the second quarter increased 16% year over year to $1.04 billion. Cloud subscription ARR increased 37% to $513 million. Plus the company completed its acquisition of Privitar for data governance.
00:56 — Informatica exceeded the high end of guidance across all metrics. There was another figure related to operational performance that was also impressive: Informatica processed 60.7 trillion cloud transactions per month for the quarter ended June 30th. That compares to 38.5 trillion per month in the same quarter last year — an increase of 58%. This leap underscores Informatica’s strength in cloud data management.
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