menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Big Data News

>

Confluent’...
source image

Siliconangle

1w

read

398

img
dot

Image Credit: Siliconangle

Confluent’s cloud growth engines keep on firing, sending its stock soaring

  • Confluent Inc. reported solid financial results and strong guidance for the current quarter, leading to a stock increase of over 14% in extended trading.
  • In the fourth quarter, Confluent's revenue rose 23% to $261.2 million, surpassing the analysts' target of $256.8 million.
  • Confluent's cloud-based offering, Confluent Cloud, saw a 38% increase in sales, reaching $138 million during the quarter.
  • The company announced a partnership with Databricks to enable real-time data integration, aiming to tackle the challenge of combining real-time data and analytics tools.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app