Informatica issues in-line guidance, launches $100M buyback

|About: Informatica Corporation (INFA)|By:, SA News Editor

Informatica (INFA) has guided on its Q4 CC for Q1 revenue of $235M-$245M and EPS of $0.32-$0.35, in-line with a consensus of $240.6M and $0.33.

The data warehousing software firm has also announced a $100M buyback; at current levels, the buyback is good for repurchasing 2% of outstanding shares.

Software revenue (drives future services revenue) rose 19% Y/Y, slightly better than total revenue growth of 18%. Informatica's deferred revenue balance rose 19% Y/Y to $298.1M.

INFA -0.9% AH, giving back its initial AH gains. Shares had rallied in the weeks going to the report, aided by positive sell-side commentary.

Q4 results, PR