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Big-data company Informatica’s stock falls on mixed results and soft guidance

  • Investors reacted negatively to big-data company Informatica's mixed financial results and soft guidance, leading to a 3% drop in its stock.
  • Informatica's first-quarter earnings fell slightly below Wall Street's expectations, but its revenue exceeded estimates, increasing by 4% from the previous year to $403.9 million.
  • Informatica reported a slight profit of $1.34 million for the quarter, a decrease from the $9.3 million net profit in the year-ago quarter.
  • The company highlighted strong cloud subscription-based annual recurring revenue growth of 30% from the previous year and emphasized the importance of data management for enterprises.

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