Informatica (INFA) 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference summary

Conference highlights and recognitions

• Recognized among most admired companies, winning awards for CFO, CEO, and IR.

• Conference featured active audience engagement and high-quality meetings.

Demand environment and business performance

• Q4 is historically the largest quarter, with 35%-38% of net new ARR typically realized.

• Demand environment remains stable, with buyers present and no significant pullback observed.

• No material impact from recent elections on sales cycles, which remain long (3-9 months).

Cloud growth and migration trends

• Cloud ARR is projected to grow 35.5% in 2024, following 37% growth in 2023.

• Only 25% of cloud growth is from migration; 75% comes from net new customers and workloads.

• PowerCenter Cloud Edition accelerated migrations, making transitions faster and less risky.

• Migration-driven growth was front-loaded in the year, normalizing in later quarters.