Informatica Inc. (INFA)

Informatica's gen. AI boosts clients' revenue, efficiency: CEO

Informatica (INFA) reported its first quarter earnings, beating Wall Street estimates on the top and bottom line. The company also issued second quarter guidance that topped Wall Street estimates. Informatica CEO Amit Walia joins Market Domination to give insight into the company's performance and generative AI products, which are fueling confidence for a strong second quarter. "There's a lot of talk of gen AI but what I'm excited about is what customers are actually trying to do, and look, we have two use cases. One is our products being used for gen AI and then gen AI from us, our GPT version. What we are seeing is customers using our IDMC platform to actually, an example I gave is a loan approval mortgage company bringing data from all places putting quality on top of governance to actually make smarter, faster decisions, much more intelligent decisions of loan approvals, reducing their risk," Walia tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino