Here are the specific viewpoints from the earnings call:
**Bullish Points:**
1. Subscription revenue grew 27% to $240 million.
2. Confluent Cloud revenue grew 42% to $130 million.
3. Non-GAAP operating margin expanded approximately 12 percentage points to 6.3%.
4. Total revenue grew 25% to $250 million, surpassing a $1 billion revenue run rate in just 10 years since Confluent was founded.
5. Hosted Current 2024, the largest industry event dedicated to data streaming, with over 4,200 participants from 1,200 companies.
6. Launched the Confluent for Start-ups AI Accelerator program to empower early-stage AI companies.
7. OpenAI has expanded their use of Confluent's data streaming platform.
8. More than 40% of the Fortune 500 rely on Confluent.
9. Confluent Cloud is now more than 50% of total revenue and continues to outpace Confluent Platform business.
10. Recent acquisition of WarpStream adds a third deployment mechanism of BYOC to the portfolio.
**Bearish Points:**
1. WarpStream acquisition is not expected to have a material impact on financials in fiscal year '24.
2. NRR seems to have down-ticked slightly from 118 to 117.
3. One-time revenue benefit from an existing customer that did not materialize as planned.
4. Q4 guide implies a sequential growth rate on revenue that is well below typical seasonal patterns.
5. Confluent Platform business tends to be lumpy due to the timing of larger deals.
6. One-time benefit in Q3 makes it a tough compare for the cloud business.
7. Federal spending was weaker than expected for many companies in Q3.
For more information about Confluent, Inc.(CFLT)'s earnings call, you can read the relevant news: Confluent (CFLT) Q3 2024 Earnings Call Transcript
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