Confluent Inc is a technology company that specializes in providing a platform for real-time data streaming, leveraging Apache Kafka to help organizations manage their data flows effectively. The company’s solutions enable businesses to process and analyze vast amounts of data in motion, allowing them to build applications that respond to events as they occur. By offering cloud-based services and on-premises solutions, Confluent empowers enterprises to integrate, manage, and make sense of their data, facilitating data-driven decision-making and enhancing operational efficiency across various industries.
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, announced the general availability of Confluent Platform for Apache Flink® with added enterprise-level security capabilities and easier ways to manage and scale on-premises Apache Flink workloads. Confluent is now the only company that offers data streaming paired with stream processing for cloud and on-premises workloads so businesses can turn their data into value faster. In addition, Confluent announced WarpStream Orbit for easier migration to WarpStream’s “Bring Your Own Cloud (BYOC)” deployment model.
Confluent (NASDAQ: CFLT) achieves record margins, driven by strong GenAI demand and real-time data streaming growth. See how GenAI tailwinds are boosting CFLT.
Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conferences:
Shares of data infrastructure software company, Confluent (NASDAQ:CFLT)
jumped 21.4% in the morning session after the company reported impressive third-quarter results. Revenue and EPS exceeded Wall Street's estimates. Notably, Confluence cloud revenue grew 42% year on year. Looking ahead, CFLT provided an optimistic full-year EPS forecast, which blew past analysts' expectations. Its gross margin also improved. Zooming out, we think this was a strong quarter featuring some areas of strength.
Data infrastructure software company, Confluent (NASDAQ:CFLT) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 25% year on year to $250.2 million. Its non-GAAP profit of $0.10 per share was also 95.3% above analysts’ consensus estimates.
