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Salesforce may have been interested in buying Informatica for less than its stock price, which isn't what investors want to hear. The company expects to report modest revenue growth when it releases its quarterly financial results.
Salesforce Inc (NYSE:CRM, ETR:FOO) has walked away from its takeover talks with data management firm Informatica as the two companies have been unable to agree on terms, according to reports from multiple publications including The Wall Street Journal and Bloomberg citing a person familiar with the matter. According to the source, the two companies could not agree on price.
Data-management software firm Informatica said on Monday it is not currently engaged in any discussions to be acquired.
Talks between customer relations software maker Salesforce and data-management software firm Informatica have failed after the companies could not agree on terms, the Wall Street Journal reported on Sunday citing people familiar with the matter.
The cloud-services specialist is in talks to be acquired, according to a media report. It might not be sold at a premium price, however.
Salesforce (NYSE: CRM ) is trending today on reports of the company being in late-stage talks to acquire Informatica (NYSE: INFA ), which specializes in data-management systems. CRM stock is retreating on concerns about the cost of the possible deal and the impact it would have on operating margins.
Salesforce is in late-stage talks to buy data-management software maker Informatica. But the deal price could be a hurdle.
Investors interested in stocks from the Internet - Software sector have probably already heard of Chegg (CHGG) and Informatica Inc. (INFA). But which of these two stocks presents investors with the better value opportunity right now?
Informatica Inc. is recommended as a buy due to expected growth acceleration from cloud revenue and increased penetration of large customers. Recent results show strong performance, with subscription revenue growing 26% and cloud ARR growing 37% year-over-year. As the transition from legacy to cloud reaches an inflection point, INFA is expected to capture more market share and improve margins.
Informatica Inc. NASDAQ: INFA offers its artificial intelligence (AI) platform for enterprises to unify and manage their data to unlock transformative outcomes. The computer and technology sector company develops data management and integration tools through its AI-powered Intelligent Data Management Cloud (IDMC).