Revenue is projected to grow 30.20% this year and another 27.80% next year. Earnings are estimated to increase by 70.70% this year, and an additional 164.00% next year.

Recently, Confluent announced the launch of Stream Designer, a visual interface that enables developers to build and deploy streaming data pipelines in minutes.

Recently, Confluent announced the expansion of its partnership with Microsoft. The partnership increases investments across technology integrations, solution development, and go-to-market activities.

The overall data in motion market is a highly competitive one. Confluent has to compete with vendors such as Amazon, Azure, and Red Hat to name a few – all of whom have deep pockets, and access to enterprise customers.

The IPO market performed well last year despite the coronavirus pandemic slowing financial markets worldwide. The momentum continued this year, with Q2 being the busiest quarter since 2000.