The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: Really great results. And obviously, it's a difficult operating environment. You noted strong results here, and you're maintaining a level of conservatism
by not increasing ARR guidance, which seems certainly prudent. That's what, I guess -- we're a month into 3Q. Have you seen any changes in buying
cycles, like any elongation or extra approvals or anything of that nature? Is it just you're maintaining that prudence with the expectation that
something like that could happen at some point?
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: Yes. That's great to hear. And then I think we're all really interested in the consumption, the IPU success. And it seems like you're -- you continue
to see a lot of traction on that. There are a lot of questions from investors, too, about consumption models and perhaps an economic slowdown.
Any sense for how that might trend in your base? Obviously, it's an expanding trend, but just sort of curious if you have any sort of anecdotes on
how that might progress.
Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst
: Congrats on the quarter. I guess since macro is top of mind for everybody, I want to thread that needle a little bit more. You did talk about slowing
down hiring as well. Is -- I'm trying to understand if you're seeing anything in the pipeline. How would you characterize the strength of the --
strength and quality of the pipeline as you kind of enter the second half?
Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst
: Yes, understood. Just to be certain, so the things -- I understand you might see that, the lengthening of deal cycles or deal deferrals. But at this
point, you're not seeing anything?
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JULY 27, 2022 / 8:30PM, INFA.N - Q2 2022 Informatica Inc Earnings Call
Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst
: Got it. And a quick follow-up to Eric. The reduction in revenue, $45 million, is -- I think you're saying it's FX. Is it 100% FX? Or is there a little bit from
the mix shift versus conservatism in the second half?
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