Wedbush Expecting Good Q1 Results From Informatica
According to Wedbush, Informatica (NASDAQ: INFA) is scheduled to report Q1 results on Thursday, April 21.
Wedbush reported that it forecasts Q1 revenue of $165.5M, which compares to the consensus of $164.5M and management's guidance of $160-165M. “We expect Q1 license revenue of $67.0M (+21.7% yr/yr) versus consensus of $67.5M, and we model Q1 maintenance revenue of $71.5M (+23.1% yr/yr). We are looking for deferred revenue of $178.4M (+19.5% yr/yr). While Q1 is a typically seasonally soft quarter, our checks indicate INFA's business has remained steady and strong through the March quarter, as the upgrade cycle continues to provide cross-sell opportunities.”
Informatica closed yesterday at $51.56.
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