Shares in Informatica Inc. were down slightly in late trading today after the data integration firm reported second-quarter earnings results.

For the quarter that ended June 30, Informatica reported adjusted earnings per share of 23 cents, up from 17 cents per share in the same quarter of last year, on revenue of $400.6 million, up 7% year-over-year. Analysts had expected adjusted earnings of 22.2 cents per share on revenue of $403 million.

Informatica’s subscription revenue in the quarter came in at $264.3 million, up 16% year-over-year, and cloud subscription revenue rose a healthy 35%, to $161.4 million. The company also saw an increase in annual recurring revenue, which rose 8%, to $1.67 billion, driven by a 15% increase in subscription annual recurring revenue to $1.2 billion. Cloud subscription recurring revenue grew 37%, to $703 million.

Over the quarter, Informatica processed an average of 96.6 trillion cloud transactions per month, a 59% increase from 60.7 trillion per month in the same quarter of last year. Informatica reported that as of the end quarter, it has 272 customers spending more than $1 million per year in subscription annual recurring revenue, up 28% year-over-year, while the number of customers spending more than $100,000 per year grew 5%, to 2,038.

Informatica’s new customers are also sticking around, with the company reporting a cloud subscription net retention rate of 119% at the end-user level and 126% at the global parent level as of the end of June.

Business highlights in the quarter included Informatica rolling out new integrations for Databricks Inc. on June 10. The integrations help joint customers process their business information more efficiently and include a technical blueprint designed to help customers build applications based on DBRX, an open-source language model that Databricks released in March.

In May, Informatica announced a new collaboration with Microsoft Corp. that integrates Informatica’s data management tools directly into Azure, enhancing Azure’s data services. The collaboration allows Azure users to access advanced data management capabilities seamlessly, facilitating improved data integration, quality and artificial intelligence support.

For its fiscal third quarter, Informatica expects revenue of $412 million to $428 million, subscription annual recurring revenue of $1.199 billion to $1.219 billion, cloud annual recurring revenue of $738 million to $748 million, and adjusted operating income of $139 million to $151 million.

“We are very pleased with the continued customer momentum and consistent execution from our cloud-only, consumption-driven strategy, enabling us to beat and raise our Cloud Subscription ARR, Subscription ARR and bottom-line profitability outlook,” Amit Walia (pictured), chief executive officer of Informatica, said in the company’s earnings release.

Walia spoke with theCUBE, SiliconANGLE Media’s live stream studio in May, discussing how Informatica is getting customer data ready for generative AI:

Photo: SiliconANGLE