Confluent (CFLT) reported Q1 non-GAAP net income late Wednesday of $0.08 per diluted share, up from $0.05 a year earlier.
Analysts polled by FactSet expected $0.07.
Revenue for the quarter ended March 31 was $271.1 million, up from $217.2 million a year earlier. Analysts surveyed by FactSet expected $264.4 million.
For Q2, the IT services provider expects non-GAAP net income of $0.08 to $0.09 per share. Analysts polled by FactSet expect $0.08.
For 2025, the company increased its non-GAAP net income outlook to about $0.36 per share, up from around $0.35 previously expected. Analysts polled by FactSet expect $0.36.
Shares of the company were down 9.7% in Wednesday's after-hours activity.
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