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
: Maybe following up on Alex's question. I think what stood out to us in addition to cloud NRR accelerating sequentially, but also it looks like large
customer growth also accelerated on a sequential basis, which is great to see. I guess I'm kind of curious given the comments on macro and demand
that you talked about, curious on the sustainability or durability of elevated cloud NRR. And I mean, is that a trend given this increasing push to
cloud that could perhaps continue into next year?
Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst
: I'm curious, was there any sign of -- any vertical strength that you call out, perhaps federal government or any other thing that was noteworthy on
the results?
Question: Patrick Edwin Ronald Colville - Scotiabank Global Banking and Markets, Research Division - Analyst
: So I mean when I look at numbers, cloud ARR growth has barely decelerated at all. It's been incredibly impressive what you guys have done,
especially in the face of kind of tight IT budgets and public cloud vendors, their growth momentum is slowing. So I guess if IT spending is better
next year than it was this year, and AI momentum continues. I mean is there a world where we could expect Informatica's cloud ARR growth to like
reaccelerate?
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NOVEMBER 01, 2023 / 9:00PM, INFA.N - Q3 2023 Informatica Inc Earnings Call
Question: Patrick Edwin Ronald Colville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And then I guess just one more on the restructuring. Are there specific areas that you can share that were impacted? I mean is it more -- is it
kind of deemphasizing for example the self-managed domain within Informatica, both in terms of go-to-market and product dev and emphasizing
cloud? Or is there any kind of way you can double-click is the -- which areas are being, I guess, deemphasized and then as a result, maybe which
shares are being more emphasized?
Question: Jaiden Rajiv Patel - JPMorgan Chase & Co, Research Division - Analyst
: My question is are you starting to see higher expansion rates among IPU-based customers, and what should we expect looking forward?
Question: Jaiden Rajiv Patel - JPMorgan Chase & Co, Research Division - Analyst
: Got it. And then as a follow-up, can you help us understand the general puts and takes around 2024 revenue growth?
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