Confluent, Inc. (NASDAQ:CFLT) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ET

Company Participants

Shane Xie - Investor Relations

Jay Kreps - Co-Founder and Chief Executive Officer

Steffan Tomlinson - Chief Financial Officer

Rohan Sivaram - Incoming Chief Financial Officer

Conference Call Participants

Jason Ader - William Blair

Kash Rangan - Goldman Sachs

Raimo Lenschow - Barclays

Brad Zelnik - Deutsche Bank

Rob Owens - Piper Sandler

Gregg Moskowitz - Mizuho

Michael Cikos - Needham

Bradley Sills - Bank of America

Billy Fitzsimmons - MoffettNathanson

Operator

Hi, everyone. Welcome to the Confluent Q2 2023 Earnings Conference Call. I'm Shane Xie from Investor Relations, and I'm joined by Jay Kreps, Co-Founder and CEO; Steffan Tomlinson, CFO and Rohan Sivaram, our incoming CFO.

During today's call, management will make forward-looking statements regarding our business, operations, financial performance and future prospects. These include statements regarding our financial guidance for the fiscal second quarter of 2023 and fiscal year 2023 and growth in our market opportunity and market share. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated by these statements. Further information on risk factors that could cause actual results to differ is included in our most recent Form 10-Q filed with the SEC. We assume no obligation to update these statements after today's call, except as required by law.

Unless stated otherwise, certain financial measures used on today's call are expressed on a non-GAAP basis and all comparisons are made on a year-over-year basis. We use these non-GAAP financials measures internally to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes. These non-GAAP financial measures have limitations and should not be considered in isolation from or as a substitute for financial information prepared in accordance with GAAP. A reconciliation between these GAAP and non-GAAP financial measures is included in our earnings press release and supplemental financials, which can be found on our Investor Relations website at investors.confluent.io.

And with that, I'll hand the call over to Jay.

Jay Kreps

Thanks, Shane. Good afternoon, everyone and welcome to our second quarter earnings call. We delivered a great quarter, for the ninth time in a row we exceeded the high end of all guided metrics.

Before going into further detail in the quarter, I'd like to share some organizational news. Steffan Tomlinson will be stepping down from his role as Confluent’s CFO and will be joining Stripe as their CFO. Rohan Sivaram has been named Confluent’s next Chief Financial Officer.