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Confluent's data streaming technology is growing in importance, and investors might do well to pay attention.Confluent (CFLT -5.19%) is a leader in data streaming, which is the technology responsible for many of our live digital experiences. For example, it's the magic behind real-time inventory information when we shop online, which tells us whether a product is in stock before we hit the buy button.Confluent just reported its financial results for the first quarter of 2024 (ended March 31), which revealed ...

Mid-Term Long-Term Represent the number of customers that contributed $100,000 or more in ARR as of period end. ( CONFLUENT 38 This presentation includes express and implied forward-looking statements. All statements contained in this presentation other than statements of historical facts, including expectations of Confluent, Inc. ("we," "us," "our," or "Confluent") regarding our revenue, revenue mix, revenue growth, expenses and other results of operations; operating margins and margin improvements, target ...

Financial Data and Key Metrics - Total revenue grew 25% YoY to $217.2 million, with subscription revenue growing 29% to $206.9 million [104][117] - Confluent Cloud revenue grew 45% YoY to $106.8 million, accounting for 49% of total revenue [204] - Operating margin improved 22 percentage points to -1.5%, marking the fourth consecutive quarter of over 20 points improvement [128] - Gross margin was 76.9%, up 470 basis points, with subscription gross margin at 80.7%, up 320 basis points [171] - Free cash flow margin improved 33 percentage points to -14.6% [205] Business Line Data and Key Metrics - Confluent Platform revenue grew 15% YoY to $100.1 million, representing 46% of total revenue [104] - The three DSP products (Connect, Process, Govern) accounted for approximately 10% of cloud revenue in Q1 2024, with a faster growth rate than the overall cloud business [55] - Customers using three or more products in the 100K+ ARR cohort increased 47% YoY, with NRR substantially higher than the company average [225] Market Data and Key Metrics - Revenue from the U.S. grew 23% to $127.4 million, while revenue from outside the U.S. grew 28% to $89.8 million [105] - Total customer count increased by 160 sequentially to 5,120, the largest sequential growth since Q1 2023 [194] - Customers with $100K+ in ARR grew 17% to 1,260, and customers with $1M+ in ARR grew 24% to 168 [185] Company Strategy and Industry Competition - The company is focusing on driving durable and efficient growth, with a strong emphasis on multi-product adoption and consumption-based revenue models [9][66] - Confluent is leveraging its position as a leader in real-time data streaming, with innovations like Flink and Tableflow enhancing its competitive differentiation [22][200] - The company is targeting high-potential customers and incentivizing the sales team to drive adoption of new products like Flink and Kafka [19][99] Management Commentary on Operating Environment and Future Outlook - Management highlighted early positive signals from the consumption transformation, including stabilization in consumption trends and increased new customer acquisition [66][216] - The company expects Flink to contribute meaningfully to revenue in 2025, with 2024 focused on adoption [107][212] - Full-year 2024 guidance includes total revenue of approximately $957 million, representing 23% growth, and subscription revenue of $910 million, representing 25% growth [60] Other Important Information - The company hosted Kafka Summit London and Bangalore, with over 7,000 attendees, showcasing innovations like Flink and Tableflow [170][197] - Confluent is integrating AI capabilities into its platform, with Flink SQL supporting AI models and remote inference, enhancing real-time data processing for AI applications [125][180] - The company is working on reducing friction in the land-and-expand process, with pricing adjustments and system changes to facilitate easier customer onboarding [41][66] Q&A Session Summary Question: How is the adoption of Flink progressing, and what is the expected revenue contribution? - Flink has seen strong early adoption, with nearly 600 prospects and customers trying it since its preview. Revenue contribution is expected to ramp up in 2025 [54][212] Question: What are the key drivers behind the growth in Governance products? - The rise of GenAI and increasing complexity around data security and regulation are driving demand for Governance products, which have seen the fastest revenue growth of any product launched to date [186][145] Question: How is the shift to consumption-based revenue models impacting customer acquisition? - The shift has led to higher-quality customer additions, with the sales team incentivized to target high-potential customers, resulting in both increased volume and better targeting [114][216] Question: What are the expectations for Tableflow adoption and monetization? - Tableflow is in early access, with strong customer interest. Monetization opportunities will be announced as the product matures, with potential for significant revenue contribution [190][199] Question: How is the financial services vertical performing, particularly in cloud adoption? - Cloud adoption in financial services has been strong, starting with smaller banks and spreading to larger institutions, with Confluent well-positioned to meet their real-time data needs [14][152]

Confluent (CFLT) reported $217.24 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 24.6%. EPS of $0.05 for the same period compares to -$0.09 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $211.57 million, representing a surprise of +2.68%. The company delivered an EPS surprise of +150.00%, with the consensus EPS estimate being $0.02.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Confluent (CFLT) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this data infrastructure software maker would post earnings of $0.05 per share when it actually produced earnings of $0.09, delivering a surprise of 80%.Over the last four quarters, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Table of Contents SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations and financial condition, business ...

• First quarter total revenue of $217 million, up 25% year over year • 1,260 customers with $100,000 or greater in ARR, up 17% year over year "Our first quarter performance demonstrates that our consumption transformation is showing early signs of success, evidenced by our robust subscription revenue growth and the largest sequential increase in total customers since Q1 2023," said Rohan Sivaram, CFO, Confluent. "While streaming remains the largest driver of our cloud business with continued strong growth, ...

The time to jump into a red-hot growth prospect is usually right now...before any more investors identify the opportunity.They're often grouped together, but not all growth stocks are the same. Indeed, they're each dramatically different in terms of risk, potential, and longevity. One's not inherently as good as another.With that as the backdrop, here's a closer look at three hot growth stocks that are screaming buys right now. All three may pose above-average risk, but if you can stomach it, the prospectiv ...

Wall Street analysts forecast that Confluent (CFLT) will report quarterly earnings of $0.02 per share in its upcoming release, pointing to a year-over-year increase of 122.2%. It is anticipated that revenues will amount to $211.57 million, exhibiting an increase of 21.4% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.B ...