Confluent Soars Past Q4 Forecasts

Confluent exceeded expectations in the fourth quarter thanks to significant cloud subscription growth and improved cash flow.Confluent (CFLT -4.32%), operator of a cloud-centric data streaming platform, delivered its fourth-quarter earnings results on Feb. 11. The company reported non-GAAP earnings per share (EPS) of $0.09, which was well above the analysts' consensus estimate of $0.06 and also exceeded the company's guidance of $0.05. Total revenue for the quarter grew 23% year over year to $261.2 million, ...