Confluent, Inc. - CFLT STOCK NEWS

Confluent, Inc. (NASDAQ: CFLT) has announced the release of its financial results for the first quarter of 2023, ending on March 31, 2023. The results will be disclosed after the U.S. market closes on May 03, 2023. A live video webcast is scheduled for the same day at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Interested parties can access the webcast and supplementary materials through Confluent’s investor relations website. The company positions itself as a leader in data streaming, aiming to transform data infrastructure with a cloud-native platform designed to enhance real-time operations and customer experiences.

On March 30, 2023, Neha Narkhede and Sachin Kulkarni announced the launch of Oscilar, a company focused on enhancing online transaction security using real-time AI technology. Self-funded with a $20 million investment, Oscilar aims to address significant fraud and theft challenges in the growing $200 billion risk protection market. Their AI Risk Decisioning platform promises to automate risk assessment in milliseconds, reducing the $48 billion annual fraud costs to companies and $8 billion to consumers. Oscilar's founding team includes industry veterans from Apple, Uber, and LinkedIn, emphasizing their capability to build a comprehensive fraud detection solution.

Confluent, Inc. (NASDAQ: CFLT), a leader in data streaming, will present at two investor conferences in March 2023. The first presentation is scheduled for the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 10:25 a.m. PT (1:25 p.m. ET). The second is the JMP Securities Technology Conference on March 7, 2023, at 10:30 a.m. PT (1:30 p.m. ET). Both presentations will be available via webcast on Confluent's investor relations website. Confluent's platform aims to enhance customer experiences by enabling real-time data streaming across organizations.

Confluent, Inc. (NASDAQ: CFLT) announced that Michelin leveraged Confluent Cloud to enhance its global inventory management system. The partnership resulted in a 35% reduction in operational costs and accelerated time to market by 8-9 months. Michelin transitioned from managing self-hosted Apache Kafka operations to a fully managed service, addressing scalability challenges and enhancing real-time data capabilities. Confluent's 99.99% SLA ensures high availability for Michelin’s critical data streams, allowing for greater efficiency and a high ROI on projects.

Confluent, Inc. (NASDAQ:CFLT) has unveiled new capabilities in its Confluent Cloud that enhance data streaming security and efficiency. Key features include OAuth support for centralized identity management, Cloud Client Quotas for improved application performance, and enhanced Role-Based Access Controls (RBAC). These innovations enable organizations to manage costs while scaling their workloads effectively. With a shared services model, businesses can run multiple applications concurrently, significantly reducing infrastructure expenses. This release addresses the operational challenges businesses face in a tight market, reinforcing Confluent's commitment to providing cost-effective data solutions.

Confluent, Inc. (CFLT) reported a strong Q4 2022, achieving $169 million in revenue, a 41% increase year over year. Fiscal year revenue reached $586 million, up 51%. Confluent Cloud revenue surged by 102% year over year, totaling $68 million for Q4 and $211 million for the fiscal year, reflecting a 124% increase. The company also noted an increase in remaining performance obligations to $741 million (+48%), and a healthy customer base of 991 clients contributing over $100,000 in ARR (+35%). Confluent aims to reach breakeven non-GAAP operating margin by the end of Q4 2023, forecasting 30% revenue growth for 2023.

Confluent, Inc. (NASDAQ: CFLT) will release its fourth quarter and fiscal year 2022 financial results after the U.S. market closes on January 30, 2023. Following the announcement, a live video webcast will be held at 1:30 p.m. PT / 4:30 p.m. ET during the company's sales kickoff conference in Las Vegas.

Investors can access the earnings press release and supplemental materials beforehand on Confluent's investor relations website. A replay will also be available shortly after the event.

Confluent (NASDAQ:CFLT) has signed a definitive agreement to acquire Immerok, a key contributor to Apache Flink, enhancing its data streaming capabilities. This acquisition aims to launch a fully managed Flink service integrated with Confluent Cloud, providing users with advanced stream processing tools. Confluent's CEO, Jay Kreps, emphasized the significance of stream processing in delivering real-time insights. With Immerok’s expertise and established connections in the Flink community, this strategic move is expected to enrich Confluent’s offering and strengthen its competitive edge in the data streaming market.