Confluent, Inc. (NASDAQ: CFLT) reported better-than-expected fourth-quarter financial results on Wednesday.
Revenue came in at $213.18 million, beating estimates of $205.26 million. Adjusted earnings were 9 cents per share, topping estimates of 5 cents per share, according to data from Benzinga Pro.
Subscription revenues were up 31% and Confluent cloud revenues were up 46%. Confluent said it ended the quarter with 1,229 customers with $100,000 or greater in annual recurring revenue.
“Our momentum is driven by our leadership of the data streaming platform category, which has become a requirement to deliver business critical use cases like connected customer experiences, cloud migrations and now ...