Investors show confidence in Confluent

Shares of the data streaming software provider Confluent Inc. gained more than 4% in extended trading today after the company reported a strong first-quarter earnings and revenue beat. The company delivered earnings before certain costs such as stock compensation of five cents per share, beating Wall Street’s consensus estimate of two cents per share, while its revenue jumped 25% from a year earlier to $217.2 million. That number also came in ahead of expectations, with analysts predicting sales of just $211.6 million in the quarter. All told, Confluent delivered a net loss of $92.9 million, but that number represents considerable progress…