- After moving up its earnings release by two days and posting a Q4 beat, Informatica (NASDAQ:INFA-OLD -1.5%) guided on its CC (transcript) for Q1 revenue of $250M-$260M and EPS of $0.31-$0.36, below a consensus of $262.7M and $0.37.
- 2015 guidance is for revenue of $1.1B-$1.15B and EPS of $1.55-$1.70, mostly below a consensus of $1.14B and $1.70. Forex is expected to have a 4% impact on both Q1 and 2015 revenue growth.
- With activist Elliott Management circling (and reportedly pushing for a sale), Informatica has added $337M to its buyback authorization, and declared it plans to buy back $500M worth of shares this year. A $300M accelerated share repurchase will start within the next week.
- License revenue rose 7% Y/Y in Q4 to $129.2M, subscription revenue 53% to $21.1M, and service revenue 8% to $153M. Average deal size rose to $527K from $488K a year earlier, and $1M+ transactions to 41 from 32. Big data and master data management (MDM) products were areas of strength.
- Q4 results, PR