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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInformatica CEO Amit Walia talks quarterly results after earnings and revenue beatAmit Walia, Informatica CEO, joins 'Closing Bell Overtime' to talk quarterly results, AI integration, acquisition possibilities and more.
Persons: Amit Walia Locations: Informatica
Enterprise data management company Informatica is not currently in talks to be acquired, the company said Monday, after earlier reports suggested that Salesforce was interested in a roughly $10 billion deal. Informatica shares slumped more than 7% on the news, while Salesforce shares rose around 1%. The acquisition would have been Salesforce's largest since the 2021 deal to purchase Slack. Salesforce's investors also reacted negatively to the idea of the deal, sending shares down more than 7% when news of the potential purchase first broke. Salesforce CEO Marc Benioff's voracious appetite for mergers and acquisitions was one of the factors that drew a flurry of activists in 2023 seeking to rein in the company's spending.
Persons: Salesforce, Slack, Amit Walia, Marc Benioff's Organizations: Informatica, Street
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing the 'early tailwinds' of data in AI, says Informatica CEOAmit Walia, CEO of Informatica, discusses the role of "good data" in artificial intelligence.
Persons: Amit Walia Organizations: Informatica
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. 'tremendously overhyped' in the short term, but understated long term, says Informatica CEOAmit Walia, CEO of Informatica, reviews artificial intelligence and the regulations needed to manage it.
Persons: Amit Walia Organizations: Informatica
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