afternoon, Thanks, everyone. Good Jay.
I'd XXX% like to improving margin. recap to we Total driving of moment to improved start growth a $XXX.X I'd revenue contributions grew grew operating In unit customers the XX% high million improved with our thank substantially stated at team goals partners $XXX.X year the all year to of and throughout with results. full year. like members our brief fiscal and for XXXX, a revenue XX Cloud accomplished Confluent million. Confluent points. revenue operating take and our their margin to economics, annual of
to quarter. fourth the Turning
drive the by robust and Jay results margin environment. mission-critical growth, substantial our strategic strong our high Cloud on testament and mentioned, platform growth of streaming a while a high metrics, and and end improving exceeded These challenging guidance highlighted in to momentum, are additions to economic Confluent role the results As proven all our improvements. efficiencies ability of the profitability customer revenue data
XX% $XXX.X grew million. of to RPO quarter $XXX.X Both to expected. for XX%. RPO, lighter approximately metrics million, XX% be RPO, were Current was we fourth the up estimated than
we what Jay of discussed deals customers as primarily customers couple 'XX. in addition a our would delay FY in sign saw their calendar evaluated purchases we urgency than see the less to in some to business typically In to macro to and enterprise last by earlier, weeks opted
number have pleased to QX, material rates demand deals to in closed previous any that quarter our duration contract these a and in changes see points push solution. for QX of to report didn't I'm the win or which discounting, the We underlying relative
differentiation under be continuing hybrid just remained above highest. were net for strong Dollar-based source XX%, advantages healthy, and Cloud XXX% including to solutions, and open Kafka. strength rate comfortably and The above of hybrid in retention also with NRR reflecting product rate the was Gross the against the NRR TCO quarter retention was both alternative our XXX%.
at New approximately during customer paywall rebound additions up our ending We continue net March. removal X,XXX to added customers, since in XX%. quarter, total new the XXX customers
Cloud. customers Confluent XXX in more by driven the revenue. bringing $XXX,XXX were or These than robust. The quarter, additions growth customers, in ARR total of We customer in XX% a with base XX New XX%. customer the more also was large contributed added our record up large total customers to
We adding our also had customers, all-time $X high, bringing with $X XX up year million or the total $XX during quarter more And customers more record of number in ago, growing the million-plus FY from XX%. customers a ARR a doubling we of ended XXX customers to than plus an including quarter, million a ARR 'XX ARR, customers.
ACV Cloud to Total grew QX, of to as XX% $XXX.X in ACV consecutive XX% million. new Turning Subscription XX% bookings. a of greater revenue. million percentage XX% which new $XXX.X revenue. of than for total our represented quarter and total Confluent of bookings revenue to accounted fifth exceeding revenue XX% grew Cloud was
for new less ACV platform revenue. bookings, accounts a of ACV will have share upfront lower Confluent Cloud As larger and
was revenue in platform XX% was total was revenue for Cloud dynamic million, total Cloud sequential Confluent million XX% million, of for accounted revenue, to million XX% of which record last of up add $XX.X XXX% and million reflected upfront and and for translates revenue. This compared ago. year revenue revenue accounted Confluent to a of $XX $X year $X.X up quarter XX% compared a ago. a to This Confluent $XX.X
Cloud Confluent customers time focus driven continued use Our and to value was consumption industry by across workloads supporting mission-critical verticals. strong our case their on decreasing with expansion momentum for
mix geographic the to revenue. Turning of
the XX% grew $XX.X outside to to $XXX.X Revenue Revenue from from million. XX% million. U.S. grew U.S. the
Cloud. Moving margin to another shift be to of continued subscription gross quarter non-GAAP margin a otherwise. gross on mix gross was unit stated healthy Total XX% improve, The margins. to referring unless Confluent of economics XX.X%. continued I'll revenue and driving margin Cloud to results was offering despite our
to between Moving forward, XX% we margin anticipate gross fluctuate XX%. total and
and with initiatives the expense management, percentage X of five productivity pronounced margin Operating category margin disciplined profitability and improving cash points points efficiency every XX.X% negative made improved marketing, improvement percentage flow. Turning drove to and percentage in P&L, improving and to XX in a investment we approach, through proactive and points. the most sales gross and progress
share with and equivalents diluted ended cash, per flow negative Net percentage XXX.X was and Free billion using to shares in And we loss the average $X.XX cash fourth XX.X%. basic weighted improved margin four outstanding. quarter $X.XX points securities. million cash negative marketable
be is our the we acquisition to guidance. absorbing pre-revenue incorporated company expenses now expect no team. acquisition. been Turning a in and additional our the engineering on impact we'll Immerok closed our into Immerok company FY 'XX. We the in The financials and in material have QX,
Looking FY to forward 'XX.
to company XXXX. 'XX earlier, QX revenue As to while we've by 'XX accelerate our QX XX% one profitability approximately decision deliver Jay a the path resourcing to year from to made in rate and discussed growth annual
head the more our business and from the company count, Over in down been 'XX the growth FY trended market. XX% XX% has last FY rate to doubled prudent significant billion address our 'XX. in $XX two We've investments it years, in actively and and spend, managing as of than we've made we we've
We're approximately And platform. FY expected returns in to grow market a our product as with to share strong XX% it's and go we seeing differentiated extend to highly investments lead down our our on 'XX. continue
to be this ramped, our sales in mix we the of XX% expect XX% On the year. of range XX% reps fully are exiting and go-to-market to now side, the
growth quarter. under improved very growth. than Additionally, the ARR compared our customers, And streams XXX%, of revenue in of approximately which NRR our which remained our with from to comes contribute FY RPO, revenue supports more last coupled revenue healthy, XX% each just visibility XX% current $XXX,XXX-plus 'XX year, as we have into strong
backdrop, accelerating we operating environment our especially growth deliver uncertainty. now to and one path as by rates decision while year, optimal this the continuing to profitability believe Given in high high interest of is are macro an companies
we both macro the which Now our a as across outlook. of appropriately scrutiny accounts see customer incorporates all to market cycles new I'll deal budget in the our believe our and geographies. elongates in the challenges norm, guidance turn impact We
we in be of expect range million, quarter XXXX, of XX% first growth $XXX Cloud's revenue revenue to Confluent add the approximately million. $X representing million $XXX to to to of be XX%. For sequential the
in years. QX As relative with decline add a prior we is seen there what to expected, consistent sequential is in and we've
last we we reach to expect of increase XX% Similar of to QX approximately Exiting add year, sequential the 'XX, pronounced milestone expect to the more a Cloud increase with revenue year. in every half total revenue. quarter of Cloud the second
of loss range negative approximately average expect and XXX We be outstanding. to weighted XX% $X.XX, $X.XX share the approximately to shares in per non-GAAP negative million net negative margin be to non-GAAP using operating
the margin range of to to loss $XXX to and shares expect be operating full million approximately million, XX%; revenue $XXX approximately representing using XXX negative year the to For per non-GAAP negative of XX%; in million average XXXX, be negative XX% to to XX% we $X.XX $X.XX net the in outstanding. share weighted of growth range negative non-GAAP
earlier, discussed margin. As QX targeting XXXX exit we're now non-GAAP to breakeven operating with
also the free QX with to seasonality pronounced our our charges to with FY flow bonus mirror roughly more of 'XX, our cash breakeven onetime associated operating that of and primarily restructuring. the program of corporate We due expect exception in of timing margin margin,
annualized X% net actively to in and continue dilution driving 'XX. FY stock net 'XX FY dilution. from on for X% manage we'll Finally, count basis, share And to to an X.X% dilution we're
track stable on closing, to commitments environments. down economic we've bring In that both Our a financial goal even established dilution in over proven uncertain delivering record is and our the long further. term of
our believe we're we our that's platform market well increased unique positioned and streaming data a leading model ahead. capture to opportunity leverage, large showing With go-to-market
towards revenue margin to breakeven of another 'XX. FY year confident drive non-GAAP march exiting as high we we're operating forward, QX Looking growth our ability in
Jay will I Now questions. take and your
