Confluent Q2 2022 Earnings Report
Key Takeaways
Confluent announced strong Q2 2022 financial results, with total revenue up 58% year-over-year to $139 million and Confluent Cloud revenue up 139% year-over-year to $47 million. The company exceeded its guidance on all metrics and saw significant margin improvements.
Total revenue reached $139 million, a 58% increase year-over-year.
Confluent Cloud revenue grew by 139% year-over-year, reaching $47 million.
Remaining performance obligations increased by 81% year-over-year to $591 million.
The company had 857 customers with $100,000 or greater in ARR, a 39% increase year-over-year.
Confluent
Confluent
Confluent Revenue by Segment
Forward Guidance
Confluent provided guidance for Q3 2022 with total revenue expected to be $143-$145 million and for fiscal year 2022 with total revenue expected to be $567-$571 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income