Informatica Inc. (NYSE:INFA) Q2 2022 Earnings Conference Call July 28, 2022 4:30 PM ET

Company Participants

Victoria Hyde-Dunn - Vice President of Investor Relations

Amit Walia - Chief Executive Officer

Eric Brown - Executive Vice President & Chief Financial Officer

Conference Call Participants

Matt Hedberg - RBC Capital Markets

Pinjalim Bora - JPMorgan

Strecker Backe - Wolfe Research

Koji Ikeda - Bank of America

Tyler Radke - Citi

Fred Havemeyer - Macquarie

Andrew Nowinski - Wells Fargo

Operator

Good afternoon, everyone, and welcome to Informatica's Fiscal Q2 2022 Earnings Conference Call. My name is Tia, and I will be your event specialist today. After the speaker's prepared remarks, there will be a question-and-answer session. Thank you.

I would now like to introduce our host, Victoria Hyde-Dunn, Vice President, Investor Relations. You may proceed.

Victoria Hyde-Dunn

Thank you. Good afternoon and thank you for joining us to review Informatica's second quarter 2020 [ph] earnings results. Joining me on today's call are Amit Walia, Chief Executive Officer; and Eric Brown, 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 filing for the full year 2021. 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 U.S. GAAP measure can be found in this afternoon’s press release and our slide presentation available on Informatica’s Investor Relations website.

It is my pleasure to turn the call over to Amit.

Amit Walia

Well, thank you, Victoria, and good afternoon, everyone, and thank you for joining us today. But let me begin by saying that we are very pleased to deliver Q2 results that exceeded the high end of our guidance. Total revenue growth was 9% year-over-year with subscription annual recurring revenue growth being 31% year-over-year and cloud ARR growth being 42% year-over-year. We strengthened our cash position and beat the high end of guidance for non-GAAP operating income.