Confluent Inc (CFLT) reports a strong quarter with significant revenue increases and strategic advancements in data streaming technology.
Data software company Confluent late Tuesday reported first-quarter earnings and sales that exceeded expectations. On average, analysts projected Confluent would post adjusted earnings of 2 cents per share on sales of $211.6 million, according to FactSet. Analysts were projecting Confluent would tally $228.7 million in sales for the June-ending quarter, according to FactSet.