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Informatica GmbH Ingersheimer Str. 10 70499 Stuttgart, Germany http://www.informatica.com/de
Contact Ms Svenja Fellechner
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Informatica GmbH

Informatica Reports Third Quarter 2023 Financial Results

(PresseBox) (REDWOOD CITY, Calif., )

Subscription Annual Recurring Revenue (ARR) in the third quarter increased 15% year-over-year to $1.08 billion
Cloud Subscription ARR in the third quarter increased 37% year-over-year to $550 million
Exceeds high end of guidance across all third quarter 2023 metrics; raises full-year 2023 Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow (after-tax) guidance
Announces restructuring plan to reduce global workforce by 10%; the plan streamlines the Company’s cost structure as a direct result of its cloud-only, consumption-driven strategy announced in January 2023; the Company expects no impact to full-year 2023 guidance


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