Confluent, Inc. (NASDAQ: CFLT) reported Q4 EPS of $0.09, $0.04 better than the analyst estimate of $0.05. Revenue for the quarter came in at $213 million versus the consensus estimate of $205.35 million.

Financial Outlook

As previously announced, Confluent will be transitioning its financial outlook from total revenue to subscription revenue. To assist with the transition, this quarter and next quarter Confluent will continue to provide total revenue outlook for the first and second quarter of 2024, as well as fiscal year 2024, before transitioning to providing only subscription revenue outlook beginning with outlook for the third quarter of 2024.

Confluent, Inc. sees Q1 2024 EPS of $0.00-$0.20, versus the consensus of $0.02.

Confluent, Inc. sees Q1 2024 revenue of $211-212 million, versus the consensus of $210.6 million.

For fiscal year 2024, Confluent expects:

Total revenue of approximately $950 million, versus the consensus of $934.7 million.
Non-GAAP operating margin of approximately 0%
Non-GAAP net income per diluted share of approximately $0.17

For earnings history and earnings-related data on Confluent, Inc. (CFLT) click here.