Confluent Q2 2023 Earnings Report
Key Takeaways
Confluent announced strong second quarter results with revenue of $189 million, up 36% year over year. Confluent Cloud revenue grew 78% year over year. The company also increased its customer base with 1,144 customers having $100,000 or greater in ARR, a 33% increase year over year.
Total revenue reached $189 million, a 36% increase year-over-year.
Confluent Cloud revenue grew by 78% year-over-year, reaching $84 million.
Remaining performance obligations increased by 34% year-over-year to $791 million.
The company has 1,144 customers with $100,000 or greater in ARR, a 33% increase year-over-year.
Confluent
Confluent
Confluent Revenue by Segment
Forward Guidance
For the third quarter of 2023, Confluent expects total revenue between $193.5 million and $195.5 million and a non-GAAP operating margin of approximately -10%.
Positive Outlook
- Total Revenue: $193.5-$195.5 million
- Non-GAAP Operating Margin: ~ (10%)
- Non-GAAP Net Income (Loss) Per Share: $(0.01)-$0.00
- FY 2023 Total Revenue: $767-$772 million
- FY 2023 Non-GAAP Net Income (Loss) Per Share: $(0.05)-$(0.02)
Revenue & Expenses
Visualization of income flow from segment revenue to net income