CFLT Stock Recent News

Palantir is leveraging its advanced AI and data mining capabilities to help enterprises analyze huge amounts of data. Oracle is helping build data center infrastructure for training and inferencing large language models.

Confluent is tackling a $60 billion opportunity in the data streaming industry. Data streaming helps businesses create real-time customer experiences, and the use cases are expanding.

Confluent, Inc. (NASDAQ:CFLT ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Shane Xie - Investor Relations Jay Kreps - Co-Founder & Chief Executive Officer Rohan Sivaram - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Brad Zelnick - Deutsche Jason Ader - William Blair Derrick Wood - TD Cowen Rudy Kessinger - D.A. Davidson Alex Zukin - Wolfe Research Kash Rangan - Goldman Sachs Pinjalim Bora - JPMorgan Ittai Kidron - Oppenheimer Gregg Moskowitz - Mizuho Mike Cikos - Needham Michael Turrin - Wells Fargo Shane Xie Hello, everyone.

While the top- and bottom-line numbers for Confluent (CFLT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Confluent (CFLT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to break-even earnings per share a year ago.

Palantir is building on its foundation of U.S. government contracts with a fast-growing U.S. commercial business. Data streaming player Confluent is rapidly acquiring new customers, thanks to its multi-product platform strategy and shift to a consumption-based business model.

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Confluent started the year right, with better-than-expected topline metrics and lower-than-expected operating loss. There was stabilization in the cloud consumption trend in the quarter, and Confluent saw net-new use cases in the broader customer base, including with the digital native customers. The company saw early signs of success from its cloud go-to-market transformation and added 160 new customers in Q1.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. “Data streaming is a crucial part of the modern data stack, and Confluent and Microsoft Azure play a pivotal role in en.

SAN FRANCISCO--(BUSINESS WIRE)--Sigma, the first and only data analytics solution built natively for cloud scale, announced the addition of two new executives: Christina Liu as Chief Financial Officer (CFO) and Ali Harmer as General Counsel. These new executive hires bring high-impact expertise to measurably grow Sigma and develop the company's business strategy in collaboration with other key leaders in the organization. “Christina and Ali are highly qualified leaders with impressive track rec.