Cloudflare Inc.
Cloudflare Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Summary
On February 8, 2024, Cloudflare, Inc. reported its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company reported total revenue of $362.5 million for Q4 2023, representing a 32% year-over-year increase. For the full year 2023, total revenue was $1,296.7 million, up 33% year-over-year. Cloudflare also reported GAAP loss from operations of $42.8 million for Q4 2023 and a GAAP net loss of $27.9 million. For the full year 2023, the GAAP net loss was $183.9 million. The company further provided financial guidance for the first quarter and full year 2024.
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About Cloudflare Inc.
Cloudflare Inc. is a technology company specializing in web infrastructure and website security services. Its primary purpose is to enhance the performance and security of internet-connected assets, operating across a variety of sectors such as e-commerce, finance, healthcare, and more. Cloudflare offers a comprehensive suite of services, including content delivery network (CDN) capabilities, Distributed Denial of Service (DDoS) protection, internet security, and domain name server (DNS) solutions. By optimizing the speed and safety of websites and applications, Cloudflare plays a crucial role in ensuring seamless and secure digital experiences for users. Positioned at the forefront of internet security and network optimization, Cloudflare is essential in supporting the robust operations of millions of websites and applications worldwide, making it a pivotal entity in the digital economy. Its services cater not only to large-scale enterprises but also to smaller businesses and individual users, contributing significantly to global internet stability and efficiency.
Official SEC Documents
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