Cloudflare Inc.
Cloudflare Announces Second Quarter 2024 Financial Results
Summary
Cloudflare, Inc. reported its second quarter 2024 financial results on August 1, 2024, showing a 30% year-over-year increase in revenue to $401.0 million. The company reported a GAAP loss from operations of $34.7 million but a non-GAAP income from operations of $57.0 million. GAAP net loss was $15.1 million, while non-GAAP net income was $69.5 million. The press release, furnished as Exhibit 99.1, provides additional details and forward-looking statements regarding financial outlook and operational performance.
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Exhibits (1)
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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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