Informatica says it is not in any acquisition talks, updates forecast (updated)

Informatica

22/04/2024 14:39

(Adds details in paragraphs 3, 4)
       April 22 (Reuters) - Data-management software firm
Informatica  INFA.N  is not currently engaged in any discussions
to be acquired, the company said on Monday, after media reports
of takeover interest from Salesforce  CRM.N .
    Shares of Informatica were down more than 5% in early
trading. 
    Salesforce backed way from its talks to acquire Informatica
after the two companies could not agree on terms, a person
familiar with the matter told Reuters on Sunday.
    Informatica also said on Monday it expects first-quarter
adjusted operating income, total revenue and a few other metrics
to be in the upper half of its previous forecast range.
    The company announced the resignation of Executive Vice
President and Chief Product Officer Jitesh Ghai.

 (Reporting by Zaheer Kachwala in Bengaluru; Editing by Devika
Syamnath)
 ((Zaheer.Kachwala@thomsonreuters.com;))