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Stock impact report

Cloudflare Announces First Quarter 2024 Financial Results

Cloudflare, Inc. Class A (NET) 
Last cloudflare, inc. class a earnings: 2/13 04:15 pm Check Earnings Report
Company Research Source: Business Wire
First quarter revenue totaled $378.6 million, representing an increase of 30% year-over-yearGAAP loss from operations of $54.6 million, or 14% of revenue, and non-GAAP income from operations of $42.4 million, or 11% of revenueOperating cash flow of $73.6 million, or 19% of revenue, and free cash flow of $35.6 million, or 9% of revenue SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its first quarter ended March 31, 2024.“The first quarter marked a strong start to the year, as we grew revenue 30% year-over-year to $378.6 million—fueled by a record number of net-new customers year-over-year spending more than $100,000, $500,000, and $1 million with Cloudflare on an annualized basis. I'm incredibly proud of the fact that our team has been able to continue to build our network, service larger and larger customers, and launch entirely new categories of products—including in the AI space—while als Show less Read more
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