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SAN FRANCISCO - Informatica (NYSE: INFA), a cloud data management solutions provider with impressive gross profit margins of 80.54% and a perfect Piotroski Score of 9 according to InvestingPro, has introduced new product enhancements at the Snowflake Summit, focused on expanding its support for Apache Iceberg. The updates aim to facilitate the development of reliable, enterprise-level AI applications using Generative AI (GenAI) technologies from both Informatica and Snowflake.
The company announced the general availability of new application integration capabilities for Snowflake Cortex AI. These include new connectors for various Cortex AI components and simplified no-code development for GenAI applications, enhancing the ease of use for data professionals.
Informatica also revealed its plans to enhance the Open Table Connector to support Apache Polaris. This enhancement, scheduled for release in July 2025, will enable data integration from over 300 sources into Snowflake using the Iceberg table format. The integration with Snowflake Apache Polaris is currently in private preview and promises seamless interoperability across different query engines.
Additionally, Informatica is launching its Master Data Management (MDM) SaaS Extension for the Snowflake AI Data Cloud. This extension will allow customers to consolidate master and transaction data from multiple sources, facilitating analytics and AI use cases by integrating trusted master data assets directly into Snowflake’s platform. The company’s strong financial position is evident in its current ratio of 1.92, indicating solid liquidity to support its innovative initiatives.
Rik Tamm-Daniels, Group Vice President of Strategic Ecosystems and Technology at Informatica, emphasized the company’s commitment to innovation and partnership with Snowflake, aiming to provide customers with a trusted, AI-ready data foundation.
Moli Thomas from HMH Education Company and Saptarshi Mukherjee from Snowflake both praised the collaboration between the two companies, highlighting the accelerated innovation and enhanced customer experience resulting from the partnership.
This announcement underscores Informatica’s ongoing efforts to lead in the field of Generative AI and Apache Iceberg, in conjunction with Snowflake, to support enterprise customers. With annual revenue of $1.66 billion and moderate debt levels, the company appears well-positioned for continued growth. The news is based on a press release statement from Informatica.For deeper insights into Informatica’s financial health, valuation metrics, and 15 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Informatica has entered into a definitive agreement to be acquired by Salesforce for $25 per share, valuing the company at approximately $8 billion in equity value. This acquisition is set to be completed in Salesforce’s fiscal year 2027, pending shareholder approval and other closing conditions. In response to the acquisition announcement, RBC Capital Markets increased its price target for Informatica to $25, maintaining a Sector Perform rating. Similarly, JPMorgan raised its price target to $25 but downgraded the stock from Overweight to Neutral, noting the deal’s value and structure. Wolfe Research also downgraded Informatica from Outperform to Peer Perform, citing that the acquisition is already reflected in the stock price, limiting potential for further appreciation.
The acquisition will be financed through a mix of Salesforce’s available cash and new debt. Informatica’s net debt stands at $553 million, and the acquisition values the company at an enterprise value to forward twelve months revenue multiple of approximately 5 times. Salesforce’s strategic acquisition aligns with its Data Cloud and Agentic AI initiatives, as noted by TD Cowen, which maintains a Buy rating for Salesforce with a $375 price target. William Blair analysts have kept an Outperform rating for Salesforce, highlighting the acquisition’s potential to expand Salesforce’s presence in the data management domain. The transaction has already received approval from Informatica shareholders holding 63% of the voting power, indicating strong support for the deal.
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