Confluent Data Review Ahead of Earnings

Momentum in Cloud, AI Alignment, and Large Enterprises

Andrew Licini | ETR Research 

| May 03, 2024

This article highlights key data takeaways for Confluent based on ETR's APR24 Technology Spending Intentions Survey (TSIS) ahead of their earnings report next week. ETR assigned a Positive outlook on the dataset in APR24. Reach out if you're interested in seeing the full April 2024 TSIS report on Confluent or in starting a free trial to access all of ETR's data and research.

Confluent is seeing sequential improvements in Net Score among Fortune 500 and Global 2000 organizations in ETR's APR24 survey, driven by fewer plans to decrease spend and higher expansion rates. By industry vertical, Financials/Insurance and IT/Telco organizations indicated the largest increase in Net Scores from JAN24, with IT/Telco organizations improving further Y/Y, now up 18 ppts from APR23.

Among Fortune 500 organizations Adopting or Increasing spend with the big three cloud providers, Confluent’s shared Net Score improved by 15.5 ppts from JAN24 and is also now above levels captured in APR23. Notably, Confluent received 62 Fortune 500 citations in total, and 54 of those customers intended to spend more on AWS, Azure, and GCP in 2024. Confluent’s shared Net Score (42.6%) is higher among these customers vs. its survey Net Score (35%, demonstrating the strong positioning of Confluent’s Cloud Platform.

Among Infrastructure - Software peers, Confluent's Net Score stands at the 83rd percentile, trailing only Microsoft in its competitor group and leading SAP, Red Hat (IBM), and Oracle. Further, Pervasion in our sample is growing s/s and y/y for Confluent as the vendor sees a higher customer count in large enterprises.

If you would like to review ETR's current and histrical data on Confluent, and the other 700 companies and technologies we track, you can gain access to our Research platform with a free trial. 

Enterprise Technology Research (ETR) is a technology market research firm that leverages proprietary data from our targeted IT decision maker (ITDM) community to provide actionable insights about spending intentions and industry trends. Since 2010, we have worked diligently at achieving one goal: eliminating the need for opinions in enterprise research, which are often formed from incomplete, biased, and statistically insignificant data. Our community of ITDMs represents $1+ trillion in annual IT spend and is positioned to provide best-in-class customer/evaluator perspectives. ETR’s proprietary data and insights from this community empower institutional investors, technology companies, and ITDMs to navigate the complex enterprise technology landscape amid an expanding marketplace. Discover what ETR can do for you at