Looping Back on Confluent (CFLT)
Update: 2023-04-18
Description
Following disappointing results from the hyperscalers, Confluent was one of the first independent software infrastructure providers to report Q4 earnings on January 30th. Further complicating the picture, they preceded that report with an announcement of an 8% staff reduction on January 26th. That filing included top-level Q4 results. This flurry of news overshadowed two key points from the reports that subsequently became clear.
For the full report, go to SoftwareStackInvesting.
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