Informatica (INFA) investor relations material

Executive summary

• Entered into a definitive merger agreement with Salesforce, converting all outstanding shares into cash and transitioning to a wholly-owned subsidiary, pending regulatory and shareholder approval, expected to close early in Salesforce's fiscal 2027.

• Total revenues for Q2 2025 increased 2% year-over-year to $407.3 million, driven by strong cloud subscription growth, with cloud subscription revenue up 30% to $209.9 million.

• Cloud Subscription ARR reached $901 million, up 28% year-over-year, now representing over half of recurring revenue.

• Net loss for Q2 2025 was $4.6 million, compared to net income of $4.8 million in Q2 2024, primarily due to increased operating expenses and merger-related costs.

• Processed 128.2 trillion cloud transactions per month, a 33% year-over-year increase, and achieved a 120% cloud subscription net retention rate.

Financial highlights

• Subscription revenue for Q2 2025 was $287.0 million, up 9% year-over-year; cloud subscription revenue reached $209.9 million, up 30%.

• Maintenance and professional services revenue declined 12% year-over-year to $120.3 million.

• Gross profit for Q2 2025 was $326.0 million, with a gross margin of 80%.

• Adjusted EBITDA for Q2 2025 was $112.7 million, down 5% year-over-year; adjusted EBITDA margin was 28%.

• Cash and cash equivalents as of June 30, 2025 were $1.05 billion, up from $912 million at year-end 2024.

Outlook and guidance

• Merger with Salesforce expected to close early in Salesforce's fiscal 2027, subject to regulatory and shareholder approvals.

• Continued focus on cloud subscription growth and migration of on-premises customers to cloud offerings.

• Maintenance and self-managed subscription revenues expected to decline as cloud transition accelerates.