Reported 26 days ago
Informatica's stock fell sharply after the company reported mixed fourth-quarter results, with revenues of $428.3 million falling short of the expected $456.94 million, despite adjusted earnings per share of $0.41 exceeding estimates. CEO Amit Walia identified two core issues affecting performance: disappointing renewal rates for cloud and non-cloud services, and a significant shift of on-premises customers to cloud services, which complicated revenue recognition.
Source: YAHOO