Informatica Inc. (NYSE:INFA) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET
Company Participants
Victoria Hyde-Dunn - Vice President-Investor Relations
Amit Walia - Chief Executive Officer
Mike McLaughlin - Chief Financial Officer
Conference Call Participants
Matt Hedberg - RBC
Fred Havemeyer - Macquarie
Andrew Nowinski - Wells Fargo
Brad Zelnick - Deutsche Bank
Ethan Bruck - Wolfe Research
Pinjalim Bora - JPMorgan
Natalie Howe - Bank of America
Howard Ma - Guggenheim
Operator
Greetings, and welcome to the Informatica Second Quarter 2023 Earnings Call.
It is now my pleasure to introduce your, host Victoria Hyde-Dunn Vice President of Investor Relations.
Victoria Hyde-Dunn
Good afternoon, and thank you for joining Informatica's Second Quarter 2023 Earnings Conference Call. Joining me today are Amit Walia, Chief Executive Officer; and Mike McLaughlin, Chief Financial Officer.
Before we begin, we have a couple of reminders. Our earnings press release and slide presentation are available on our Investor Relations website at investors.informatica.com. Our prepared remarks will be posted on the IR website after the conference call concludes.
During the call, we will be making comments of a forward-looking nature. Actual results may differ materially from those expressed or implied as a result of various risks and uncertainties. For more information about some of these risks, please review the company's SEC filings, including the section titled Risk Factors, included in our most recent 10-Q and 10-K filings for the full year 2022. These forward-looking statements are based on information as of today, and we assume no obligation to publicly update or revise our forward-looking statements, except as required by law.
Additionally, we will be discussing certain non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. A reconciliation of these items to the nearest US GAAP measure can be found in this afternoon's press release and our slide presentation available on Informatica's Investor Relations website.
With that, it's my pleasure to turn the call over to Amit.
Amit Walia
Well, thank you, Victoria. Thank you everyone for joining us today. I will start today's call by summarizing three key points. First, we exceeded Q2 guidance across top and bottom line metrics, driven by strong customer momentum from a cloud-only consumption-driven strategy.
Second, we are expanding our cloud-native AI-powered IDMC platform capabilities to be the enterprise standard for data management, through our own product innovation and with the integration of our recent acquisition of Privitar, which is all about data access management and privacy solutions, we believe that IDMC is becoming the most comprehensive and unique platform for data management and enterprises globally. This is especially important with the rise of AI, driving further democratization of data and it's Informatica's differentiation in the market. Simply put, there is no AI without holistic data, quality data and governed data.