Confluent, Inc. - CFLT STOCK NEWS

Confluent (NASDAQ: CFLT) has been named the 2024 Microsoft OSS on Azure Global Partner of the Year, marking its third consecutive win. The award celebrates Confluent's exceptional innovation and implementation of customer solutions using Microsoft technology. Paul Mac Farland, Confluent's SVP of Partner and Innovation Ecosystem, highlighted the importance of data streaming and the company's integration with Microsoft Azure. This tight integration enables real-time data connectivity via Apache Kafka pipelines, enhancing business-critical analytics and applications. The award underscores Confluent's strong teamwork and dedication to empowering businesses in the digital economy.

Microsoft's Chief Partner Officer, Nicole Dezen, praised the award winners for their creativity and capability, noting the momentum from AI and Copilot announcements that have driven partner innovation. The Microsoft Partner of the Year Awards recognize partners for outstanding Microsoft Cloud applications, services, and AI innovation. Confluent stood out among over 4,700 nominations from more than 100 countries, demonstrating competitive differentiation and customer value. More details on the 2024 awards are available on the Microsoft Partner blog and the official winners' list.

Sigma has appointed Christina Liu as Chief Financial Officer (CFO) and Ali Harmer as General Counsel to support its high-velocity business growth. Liu brings 25 years of finance expertise, having previously worked at Confluent (NASDAQ: CFLT) and Zendesk (NYSE: ZEN), where she played important roles in their financial scaling and IPO processes. Liu is also committed to diversity and inclusion, mentoring in the Asian American community. Harmer, formerly of Coda Law Group, LLP, brings over a decade of legal experience in technology transactions. She will lead Sigma's legal strategy and advise on business development and international expansion. This leadership enhancement comes amid rising customer demand and technological advancements in the data analytics industry.

Confluent (NASDAQ:CFLT) has launched 'Build with Confluent,' a new partner program designed for system integrators (SIs) to expedite the development and market entry of data streaming use cases. The program offers specialized software bundles, expert certification, and access to Confluent's Go-To-Market (GTM) teams to enhance visibility and market reach. According to a recent Data Streaming report, 86% of IT leaders prioritize data streaming investments in 2024. Early access to the program has already enabled the development of various use cases, including GenAI bots and fraud detection. Partners can leverage Confluent’s resources to build and certify solutions, ultimately improving customer experiences and operational efficiencies across industries. The initiative aims to help SIs capitalize on the $60 billion data streaming market by providing them with the necessary tools and expertise.

Confluent (NASDAQ: CFLT) released its 2024 Data Streaming Report highlighting the critical role of data streaming in accelerating AI and ML development. The report, based on a survey of 4,110 IT leaders from 12 countries, reveals that 90% of respondents believe data streaming platforms foster innovation in AI and ML. Additionally, 86% see data streaming as a strategic IT investment for 2024. Data streaming was cited as essential for achieving data-related goals by 91% of respondents and was noted for preventing data silos and enhancing data accessibility. The report emphasizes the significant ROI of data streaming, with 84% of IT leaders citing a 2x to 10x return on investment.

Key insights include the importance of data streaming in supporting AI models and the development of reusable data products, which save costs and time. The report underscores data streaming's role in breaking down data silos and enhancing real-time data access, with 93% saying it helps in most cases. The survey includes responses from diverse industries and highlights the wide-reaching benefits of data streaming technologies.

Confluent (NASDAQ: CFLT), a leader in data streaming, has announced its management will present at two upcoming investor conferences. They will participate in the J.P. Morgan Global Technology, Media & Communications Conference on May 20, 2024, at 10:10 a.m. PT / 1:10 p.m. ET, and the William Blair Annual Growth Stock Conference on June 6, 2024, at 6:00 a.m. PT / 9:00 a.m. ET. Both presentations will be available for live webcast and replay on Confluent's investor relations website.

Confluent, Inc. (NASDAQ: CFLT) announced its first quarter 2024 financial results, with total revenue of $217 million, up 25% year over year, and subscription revenue of $207 million, up 29% year over year. Confluent Cloud revenue reached $107 million, up 45% year over year. The company reported 1,260 customers with $100,000 or greater in ARR, up 17% year over year. Confluent highlighted strong growth in Confluent Cloud and DSP products, positioning them for continued growth. The company also provided financial outlook for the second quarter and fiscal year 2024.

Confluent, Inc. (NASDAQ:CFLT) introduces new capabilities to its Apache Flink offering, including AI Model Inference, Confluent Platform for Apache Flink®, and Freight clusters. These innovations simplify AI integration into data pipelines, enable stream processing for on-prem and private cloud workloads, and offer cost-effective solutions for high-throughput use cases. Confluent's AI Model Inference allows organizations to build and launch AI and ML applications seamlessly, leveraging fresh data for accurate decision-making. The company also provides expert support for stream processing in private clouds and on-premises environments through Confluent Platform for Apache Flink®. Additionally, the introduction of Freight clusters offers auto-scaling for cost efficiency in processing logging and telemetry data, catering to less latency-sensitive use cases.

Confluent, Inc. (NASDAQ:CFLT) introduces Accelerate with Confluent, a partner program for SIs to enhance data streaming solutions. The program aims to drive growth and profitability for partners while helping customers achieve success in the digital-first era.

Confluent, Inc. (CFLT) has been awarded Google Cloud Technology Partner of the Year for Data - Smart Analytics, showcasing their collaboration in real-time data streaming and next-generation app development. The partnership aims to simplify data processing across cloud and on-premises systems, enhancing customer experiences. Confluent's industry-leading data streaming platform, combined with Google Cloud's advanced AI solutions, enables companies to build cutting-edge AI applications efficiently.