Informatica said its first quarter results will be at the upper end of its guidance given in February and is "not currently engaged in any discussions about being acquired."

Following its fourth quarter results, Informatica projected first quarter revenue of $375 million to $395 million with subscription annual recurring revenue of $1.135 billion to $1.155 billion. Cloud subscription ARR was projected to be between $645 million to $655 million.

Informatica also reaffirmed its 2024 financial outlook. It also said Jitesh Ghai, Chief Product Officer, is leaving to pursue another executive position at another company.

The outlook and statement from Informatica lands amid reports that the company was in talks to be acquired by Salesforce. The Wall Street Journal initially reported Salesforce was in advanced talks to acquire Informatica, but later said the two parties couldn't agree on a price.

Reports of a Salesforce-Informatica combination also gave investors time to vote with their money. Salesforce shares took a hit on the news. 

Informatica's position in the market has improved as the need for data management platforms is critical for enterprises to adopt artificial intelligence applications. In addition, Informatica is viewed as a neutral party amid multiple enterprise applications.

An acquisition by Salesforce would have altered that neutrality. Informatica would have had some overlap with Salesforce's MuleSoft unit but would have been largely additive in data integration, metadata management, data governance and master data management. Informatica would have also turbocharged Salesforce's fast-growing Data Cloud.