Subscription Annual Recurring Revenue (ARR) in the third quarter increased 15% year-over-year to $1.08 billion
Cloud Subscription ARR in the third quarter increased 37% year-over-year to $550 million
Exceeds high end of guidance across all third quarter 2023 metrics; raises full-year 2023 Non-GAAP Operating Income and Adjusted Unlevered Free Cash Flow (after-tax) guidance
Announces restructuring plan to reduce global workforce by 10%; the plan streamlines the Company’s cost structure as a direct result of its cloud-only, consumption-driven strategy announced in January 2023; the Company expects no impact to full-year 2023 guidance
Informatica (NYSE: INFA), an enterprise cloud data management
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