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Jun 30, 2023
Confluent Q2 2023 Earnings Report
Confluent's second quarter results for 2023 showed strong growth in revenue and customer base.
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
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com 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