and has successfully undergone cloud migration projects . To further enable data sharing , enhance the university ' s experience for their students and faculty and prepare their data foundation to effectively leverage AI , they are using our cloud master data management , data governance , data integration and data quality solutions .”
multi-cloud and multi-hybrid . “ We ’ re seeing thriving demand as organisations move to the cloud . In our latest FY 2023 earnings , we saw our own cloud ARR grow 37 % year-over-year to US $ 617m last year . In fact , in the full year , approximately 75 % of our cloud new bookings came from new cloud workloads and the expansion of existing cloud engagements .
“ A great example of a customer moving to the cloud is The University of Sydney , Australia ' s oldest university and home to approximately 75,000 students . The University has been a long-standing Informatica customer for two years
Q . HOW IS INFORMATICA WELL-PLACED TO HANDLE MISSION-CRITICAL CLOUD TRANSACTIONS ?
» “ Everything we do is focused on helping our customers democratise their data , enabling them to modernise and advance their business strategies . We have the only AI-powered data management platform in the market that manages data of any type , pattern , complexity , or workload across any location .
“ Our platform approach can grow and expand with a customer ’ s needs , so businesses won ’ t find themselves evaluating new solutions in a few , short years . We processed 86 trillion mission-critical cloud transactions in December , growing 62 % year-over-year .
“ Customers in approximately 100 countries , including 86 of the Fortune 100 , rely on us to drive their data-led digital transformation in the cloud .
“ We firmly believe that with our unique platform approach to data management , we ’ re able to help businesses efficiently handle the complex challenges of dispersed and fragmented data .”
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