We recently compiled a list of the These 10 Firms Were Heavily Hit on Friday. In this article, we are going to take a look at where Informatica Inc. (NYSE:INFA) stands against the other stocks.
Wall Street’s main indices finished mixed on Friday, with the tech-heavy Nasdaq emerging as the sole gainer, rallying 0.41 percent. The Dow Jones, for its part, decreased by 0.37 percent, while the S&P 500 was little changed, dipping 0.01 percent.
Ten companies mirrored a mostly pessimistic broader market.
To come up with this list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A business executive in a modern office looking over reports detailing artificial intelligence.
Informatica Inc. (NYSE:INFA)
Informatica Inc. plummeted by 21.53 percent on Friday, the second day, ending the day down to $19.75 apiece after reporting mixed earnings performance last year.
In a statement, Informatica Inc. saw net income in the past quarter fell 85 percent to $9.754 million from $64.261 million in the same period last year, while revenues dipped 3.8 percent to $428 million from $445 million year-on-year.
Despite lower net profit for the quarter, Informatica Inc. swung to a net income of $9.93 million in full-year 2024, reversing a net loss of $125 million posted in 2023.
Revenues for the year also inched up by 2.8 percent to $1.64 billion from $1.59 billion year-on-year.
Informatica Inc. is a leading enterprise in AI-powered cloud data management, bringing data and AI to life by empowering businesses to realize the transformative power of their most critical assets.
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This article is originally published at Insider Monkey.
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