Confluent Q4 2022 Earnings Report

Confluent EPS Results

• Actual EPS: -$0.09
• Consensus EPS: -$0.15
• Beat/Miss: Beat by +$0.06
• One Year Ago EPS: -$0.43

Confluent Revenue Results

• Actual Revenue: $168.70 million
• Expected Revenue: $162.53 million
• Beat/Miss: Beat by +$6.17 million
• YoY Revenue Growth: +40.70%

Confluent Announcement Details

• Quarter: Q4 2022
• Date: 1/30/2023
• Time: After Market Closes

Confluent (NASDAQ:CFLT) operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.