Confluent, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 07, 2024 at 04:06 pm EST
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Confluent, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 776.95 million compared to USD 585.94 million a year ago. Net loss was USD 442.75 million compared to USD 452.55 million a year ago.
Basic loss per share from continuing operations was USD 1.47 compared to USD 1.62 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.