Confluent, Inc. (NASDAQ:CFLT) Q1 2023 Earnings Conference Call May 3, 2023 4:30 PM ET

Company Participants

Shane Xie - Investor Relations

Jay Kreps - Co-Founder and Chief Executive Officer

Steffan Tomlinson - Chief Financial Officer

Conference Call Participants

Sanjit Singh - Morgan Stanley

Michael Turrin - Wells Fargo

Rob Owens - Piper Sandler

Derrick Wood - TD Cowen

Howard Ma - Guggenheim Securities

Raimo Lenschow - Barclays

Gregg Moskowitz - Mizuho Securities

Eric Heath - KeyBanc

Rudy Kessinger - D.A. Davidson

Shebly Seyrafi - FBN Securities

Operator

Hi, everyone. Welcome to the Confluent Q1 2023 Earnings Conference Call. I'm Shane Xie from Investor Relations, and I'm joined by Jay Kreps, Co-Founder and CEO; and Steffan Tomlinson, CFO.

During today's call, management will make forward-looking statements regarding our business, operations, financial performance and future prospects, including statements regarding our financial guidance for the fiscal second quarter of 2023 and fiscal year 2023. 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-K 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 the 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.

Please also note that we will host Investor Day 2023 in New York City on Tuesday, June 13. To join in person, please contact IR for the registration information. The program will also be webcast live on our website beginning at 1 PM Eastern Time.

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

Jay Kreps

Thanks, Shane. Good afternoon, everyone. Welcome to our first quarter earnings call. I'm pleased to report strong first quarter with results once again exceeding all of our guided metrics.