Confluent, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:03 pm EDT
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Confluent, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 200.18 million compared to USD 151.73 million a year ago. Net loss was USD 92.67 million compared to USD 116.05 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.41 a year ago.
For the nine months, revenue was USD 563.77 million compared to USD 417.28 million a year ago. Net loss was USD 348.65 million compared to USD 346.67 million a year ago. Basic loss per share from continuing operations was USD 1.17 compared to USD 1.25 a year ago.
Confluent, Inc. provides a data streaming platform. The Company is engaged in designing data infrastructure to connect the applications, systems and data layers around a real-time central nervous system. The Company is focused on developing a category of data infrastructure focused on data in motion for developers and enterprises. It enables enterprises to deliver customer experiences for their business functions, departments, teams, applications, and data stores to have complete connectivity. It is designed to have real-time data from multiple sources constantly streamed across an enterprise for real-time analysis. Its offering enables organizations to deploy production-ready applications that run across cloud infrastructures and data centers, with features for security and compliance. Its platform provides the capabilities to fill the structural, operational and engineering gaps in businesses. It enables software developers to build their applications to connect data in motion.
CONFLUENT, INC. 
