Informatica sees FY23 revenue $1.57B-$1.59B, consensus $1.58B

In FY23, the company sees: “Total ARR is expected to be in the range of $1,585 million to $1,615 million, representing approximately 5% year-over-year growth at the midpoint of the range. Subscription ARR is expected to be in the range of $1,098 million to $1,118 million, representing approximately 11% year-over-year growth at the midpoint of the range. Cloud Subscription ARR is expected to be in the range of $604 million to $614 million, representing approximately 35% year-over-year growth at the midpoint of the range. Raising Non-GAAP Operating Income from $400 million to $420 million to a range of $420 million to $440 million, representing approximately 23% year-over-year growth at the midpoint of the range. Raising Adjusted Unlevered Free Cash Flow from $340 million to $360 million to a range of $370 million to $390 million, representing approximately 32% year-over-year growth at the midpoint of the range.”