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. (CFLT) - a pioneer in real-time data streaming solutions - provides this centralized hub for tracking official corporate developments and market-moving updates. Our news collection serves investors and technology professionals seeking authoritative information about Confluent's cloud-native platforms, strategic partnerships, and financial performance.
Key resources include earnings announcements, product innovation updates, executive leadership changes, and regulatory filings. Access verified press releases alongside curated analysis of Confluent's data streaming technology advancements and enterprise adoption trends.
This page organizes critical information for monitoring Confluent's position in the $50B+ data integration market. Users can track the company's progress in helping organizations harness Apache Kafka™ through its Confluent Cloud SaaS platform while evaluating its subscription revenue growth and global expansion efforts.
Bookmark this page for streamlined access to CFLT's latest financial communications, technology roadmap updates, and industry recognition. Check regularly for new developments in real-time data pipeline solutions and enterprise software market dynamics.
Confluent (CFLT) reported strong Q4 2024 results with subscription revenue reaching $251 million, up 24% year over year, while Confluent Cloud revenue grew 38% to $138 million. For fiscal year 2024, subscription revenue increased 26% to $922 million, with Cloud revenue up 41% to $492 million.
The company achieved significant financial improvements, including a non-GAAP operating income of $13.6 million in Q4 and $27.5 million for FY2024. Free cash flow margin expanded to 11.1% in Q4, up from 3.2% year over year. The company maintains 1,381 customers with $100,000+ in ARR, representing 12% growth.
Looking ahead to FY2025, Confluent projects subscription revenue between $1.117-$1.121 billion and expects a non-GAAP operating margin of approximately 6%, with non-GAAP net income per diluted share of around $0.35.
Confluent (NASDAQ: CFLT) has announced it will release its fourth quarter and fiscal year 2024 financial results on Tuesday, February 11, 2025, after U.S. market close. The company will host a live video webcast at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results.
Earnings press release and supplemental materials will be available on the company's investor relations website before the webcast. A replay will be accessible on the same platform after the event concludes.
Confluent (NASDAQ:CFLT) has announced the general availability of Confluent Platform for Apache Flink®, enhancing enterprise-level security and management capabilities for on-premises Apache Flink workloads. The platform introduces Confluent Manager for Apache Flink (CMF), providing simplified deployment, updating, and scaling in Kubernetes environments.
The platform offers streamlined lifecycle management, integrated security controls, and consolidated Flink and Kafka support. A Fortune 50 telecom customer has already achieved significant cost savings and reduced churn using the platform. Additionally, Confluent announced WarpStream Orbit, facilitating easier migration to WarpStream's 'Bring Your Own Cloud' deployment model, simplifying the transition from open source Kafka to WarpStream clusters.
Oscilar has launched its Cognitive Identity Intelligence Platform to combat AI-powered fraud, which is projected to cause $40 billion in losses by 2027. The platform analyzes thousands of digital markers to create unique cognitive signatures that are reportedly impossible to replicate, even with advanced AI tools. Led by former Confluent co-founder Neha Narkhede, the solution features advanced polymorphic code, dynamic execution paths, and real-time processing capable of handling over 100,000 transactions per second. The platform is already being utilized by several financial institutions, including Happy Money and Curve, demonstrating improvements in fraud prevention while maintaining user experience.
Confluent (NASDAQ: CFLT), a pioneer in data streaming, announced its participation in three upcoming investor conferences.
RBC Global Technology, Internet, Media and Telecommunications Conference: Scheduled for Tuesday, November 19, 2024, at 5:00 a.m. PT / 8:00 a.m. ET.
Wells Fargo 8th Annual TMT Summit: Scheduled for Wednesday, December 4, 2024, at 11:00 a.m. PT / 2:00 p.m. ET.
Barclays Global Technology Conference: Scheduled for Thursday, December 12, 2024, at 11:00 a.m. PT / 2:00 p.m. ET.
A live webcast and a replay of each presentation will be accessible on Confluent’s investor relations website at investors.confluent.io.
Confluent (NASDAQ: CFLT) reported strong Q3 2024 financial results with subscription revenue reaching $240 million, up 27% year over year, and Confluent Cloud revenue of $130 million, up 42% year over year. The company achieved total revenue of $250.2 million, representing 25% growth. Notable improvements include a positive non-GAAP operating income of $15.8 million and free cash flow of $9.3 million. The company maintains 1,346 customers with $100,000+ in ARR, up 14% YoY. Based on Q3 performance, Confluent raised its full-year 2024 subscription revenue guidance and targets positive non-GAAP operating margin.
Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, has announced that it will release its financial results for the third quarter of 2024 on Wednesday, October 30, 2024, after the U.S. market close. The company will host a live video webcast to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day.
Investors can access the webcast through the company's investor relations website at investors.confluent.io. Prior to the webcast, Confluent's earnings press release and supplemental materials will be available on the same website. A replay of the webcast will also be accessible from the investor relations website shortly after the live event concludes.
Confluent (NASDAQ:CFLT) has announced investments in two regional system integrators (RSIs), Onibex and Psyncopate, to meet rising demand for complete data streaming platforms. Onibex connects SAP data to other systems in real-time using Confluent Cloud, while Psyncopate specializes in migrating legacy TIBCO infrastructure to Confluent's platform.
The investments aim to scale real-time data practices, accelerate high-value use case development, and drive customer success. Confluent's SVP of Partner and Innovation Ecosystem, Paul Mac Farland, emphasized the importance of partners in capturing the $60 billion data streaming market. Both RSIs are part of Confluent's 'Build with Confluent' program, which provides access to Confluent's comprehensive data streaming platform for faster joint solution development.
Confluent (NASDAQ:CFLT) has launched its OEM Program for managed service providers (MSPs), cloud service providers (CSPs), and independent software vendors (ISVs). This program allows partners to integrate Confluent's enterprise-grade data streaming platform for Apache Kafka® and Apache Flink® into their offerings. Key benefits include:
1. License to globally redistribute or embed Confluent's platform
2. Expert implementation guidance and certification
3. Flexible commercial terms
4. Ongoing technical support
The program aims to help partners unlock new revenue streams, accelerate service delivery, reduce support costs, and minimize complexity and risk. Launch partners include Alibaba Cloud, Infosys, and Mindgate Solutions, highlighting the program's potential to meet growing demand for real-time data solutions across various industries.
Confluent (NASDAQ:CFLT) has introduced new capabilities to its Confluent Cloud to enhance stream processing and data streaming accessibility and security. Key updates include:
1. Table API support for Apache Flink®, enabling Java and Python developers to build streaming applications.
2. Private networking for Flink, providing enterprise-level protection for sensitive data use cases.
3. Confluent Extension for Visual Studio Code to accelerate real-time use case development.
4. Client-Side Field Level Encryption for stronger data security and privacy.
These enhancements aim to make Apache Flink more accessible, secure, and easier to integrate into existing workflows, addressing challenges such as operational complexity and infrastructure costs.
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