Welcome to our dedicated page for Confluent news (Ticker: CFLT), a resource for investors and traders seeking the latest updates and insights on Confluent stock.
Confluent, Inc. (NASDAQ: CFLT) is a pioneering force in the realm of data streaming platforms, founded by the creators of Apache Kafka™. Headquartered in Palo Alto, California, Confluent empowers enterprises across various sectors such as financial services, retail, logistics, manufacturing, technology, and media to harness the full potential of real-time data. By transforming isolated data systems into responsive data pipelines, Confluent enables organizations to make immediate data-driven decisions.
Confluent's flagship product, the Confluent Platform, integrates seamlessly with Apache Kafka™, providing a comprehensive solution that includes robust connectors, ksqlDB for stream processing, and additional tools for monitoring and managing data streams. This platform ensures that data flows efficiently and securely across the various layers of an enterprise's IT infrastructure.
The company generates its revenue predominantly through subscription services and professional support, with a significant portion of its business concentrated in the United States. Confluent's offerings cater to multiple industries, providing tailored solutions that address specific challenges in financial services, insurance, retail, automotive, and government sectors, among others.
Confluent is backed by prominent investors including Benchmark, Data Collective, Index Ventures, and LinkedIn, underscoring its strong market position and investor confidence. The company continuously innovates and expands its product suite to meet the evolving needs of its clients.
In recent news, Confluent has launched several cutting-edge initiatives, including the introduction of applied machine learning and generative AI capabilities to enhance real-time oversight and anti-money laundering (AML) operations in fintech and banking. This innovation signifies a major leap forward in financial compliance and risk management, offering unparalleled real-time monitoring, reporting, and decision-making capabilities.
To learn more about Confluent and to download Apache Kafka™ and the Confluent Platform, visit the company's website at www.confluent.io.
Confluent, Inc. (NASDAQ:CFLT) announces the appointment of Rey Perez as Chief Customer Officer (CCO). Rey will spearhead customer success, sales engineering, and support teams, emphasizing the growing importance of data streaming in modern businesses. He brings 25+ years of experience from New Relic and other tech firms, having successfully led transformations to consumption-based models. Confluent aims to enhance customer value with this leadership change, reinforcing its commitment to customer-centric strategies in a competitive marketplace.
Confluent, Inc. reported Q3 2022 total revenue of $152 million, marking a 48% year-over-year increase. Notably, Confluent Cloud revenue surged by 112% to $57 million. Remaining performance obligations reached $664 million, up 72%. The company's customer base expanded with 921 customers generating over $100,000 in ARR, up 39%. Despite significant growth, GAAP operating loss widened to $(118.9 million).
For Q4 2022, Confluent expects revenue between $161-$163 million and a non-GAAP net loss per share of $(0.16)-$(0.14).
Confluent, Inc. (NASDAQ: CFLT) will release its third quarter financial results on
Confluent, Inc. (NASDAQ: CFLT) has launched Stream Governance Advanced, enhancing its governance suite for data streaming. Key features include point-in-time lineage insights for troubleshooting, business metadata for improved data discovery, and a globally available Schema Registry to ensure data quality and compliance. The Q4 '22 launch also introduces Private Service Connect for Google Cloud, ensuring secure connections between virtual networks. These advancements aim to support organizations in leveraging real-time data for critical applications.
Confluent, Inc. (NASDAQ: CFLT) has launched Stream Designer, a visual interface for building and deploying streaming data pipelines on Apache Kafka, enhancing accessibility for developers. This tool aims to democratize data streaming, allowing more teams to implement real-time data solutions efficiently. Stream Designer enables rapid development, collaboration, and management of pipelines, addressing the growing demand for instant data processing. This advancement is pivotal for organizations aiming to innovate and remain competitive in a data-driven environment.
Confluent (NASDAQ: CFLT) announced it will host an investor session on October 4, 2022 during the Kafka Summit in Austin, Texas. The session will start at 2:00 p.m. CT and will be accessible via webcast on Confluent's investor relations website. Management will discuss the company's vision, strategy, market opportunities, product differentiation, and customer growth, but no financial updates will be provided. Investors interested in attending in person should contact Confluent investor relations for registration details.
Confluent, Inc. (NASDAQ: CFLT) announced participation in two upcoming investor conferences: the Deutsche Bank Technology Conference on September 1, 2022, at 8:00 a.m. PT, and the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 9:15 a.m. PT. A live webcast and replay of the presentations will be available on Confluent’s investor relations website. Confluent leads in data streaming technology, enabling organizations to deliver real-time data for enhanced customer experiences and operational efficiency.
Confluent, Inc. (CFLT) reported a strong financial performance for Q2 2022, with total revenue of $139 million, a 58% increase year-over-year. Confluent Cloud revenue surged 139% to $47 million. Remaining performance obligations rose 81% to $591 million. The company achieved a dollar-based net retention rate exceeding 130% for the fifth consecutive quarter. Despite increased revenue, the GAAP operating loss was $(117.3 million), and GAAP net loss per share improved to $(0.42). The Q3 revenue outlook is between $143-$145 million.
Confluent, Inc. (NASDAQ: CFLT) announced that its management will present at the KeyBanc Technology Leadership Forum on Monday, August 8, 2022, at 10:30 a.m. PT / 1:30 p.m. ET. A live webcast and replay will be available on Confluent’s investor relations website.
Confluent is a pioneering data streaming platform that enables organizations to manage real-time data across various sources, enhancing customer experiences and backend operations.
Confluent, Inc. (NASDAQ: CFLT) has launched the Confluent Terraform Provider, enhancing data streaming infrastructure management in cloud environments. This new tool automates critical data resources management, integrating with CI/CD workflows on platforms like AWS, Azure, and Google Cloud. It aims to reduce operational complexity, increase developer productivity, and mitigate risks associated with manual resource provisioning. The Q3 '22 Launch also introduces innovations for network management and user login monitoring, enhancing security and efficiency across data streaming applications.
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