Informatica Inc. (NYSE:INFA) Q2 2024 Earnings Conference Call July 30, 2024 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
Kash Rangan - Goldman Sach
Koji Ikeda - Bank of America
Andrew Nowinski - Wells Fargo
Pinjalim Bora - JPMorgan
Will Power - Baird
Howard Ma - Guggenheim
Patrick Colville - Scotiabank

Operator

Good afternoon. Thank you for joining today’s Informatica Fiscal and Q2 2024 Lender Call. My name is Cole, and I’ll be the moderator for today’s call. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. [Operator Instructions]

I’d now like to turn it over to Victoria Hyde-Dunn, Vice President of Investor Relations. You may proceed.

Victoria Hyde-Dunn

Thank you. Good afternoon. And thank you for joining Informatica’s second quarter 2024 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 including our most recent 10-Q and 10-K filing for the full year 2023. 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.

With that, it is my pleasure to turn the call over to Amit.

Amit Walia

Thank you, Victoria, and everyone for joining us today. I will start today’s call by summarizing three key points. First, we had a solid second quarter. Our results were within or above all second quarter guidance metric ranges. This was driven by continued strong customer momentum and consistent execution from our cloud-only, consumption-driven strategy.