Confluent, Inc. (NASDAQ:CFLT) Q4 2022 Earnings Conference Call January 30, 2023 4:30 AM ET
Company Participants
Shane Xie - IR
Jay Kreps - Co-Founder and CEO
Steffan Tomlinson - CFO
Conference Call Participants
Sanjit Singh - Morgan Stanley
Jason Ader - William Blair
Raimo Lenschow - Barclays
Brad Zelnick - Deutsche Bank
Brad Sills - Bank of America
Rob Owens - Piper Sandler
Howard Ma - Guggenheim
Derrick Wood - Cowen
Pinjalim Bora - JPMorgan
Kasthuri Rangan - Goldman Sachs
Eric Heath - KeyBanc
Fred Lee - Credit Suisse
Operator
Shane Xie
Hi, everyone. Welcome to the Confluent Q4 2022 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 first 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-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 on a year-over-year basis. We use these non-GAAP financials measure internally to facility 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.
References to profitability on today's call refer to non-GAAP operating margin unless stated otherwise. For planning purposes, we will be holding Investor Day 2023 in New York City on Tuesday, June 13. Please save the date.
With that, I'll hand the call over to Jay.
Jay Kreps
Thanks, Shane. Good afternoon, everyone. Welcome to our fourth quarter earnings call.
We ended fiscal year 2022 with fourth quarter results once again exceeding the high end of our guidance on all metrics. Total revenue grew 41% to $169 million. Confluent Cloud revenue grew 102% to $68 million, and non-GAAP operating margin has improved 20 percentage points. We're pleased with these results, especially in light of the macroeconomic pressure we saw in the quarter.