share_log

Cloudflare | 8-K: Cloudflare Announces Fourth Quarter and Fiscal Year 2023 Financial Results

SEC announcement ·  Feb 9 05:21
Summary by Futu AI
On February 8, 2024, Cloudflare, Inc. released its financial results for the fourth quarter and full fiscal year ended December 31, 2023. The report highlighted a 32% year-over-year increase in fourth-quarter revenue, reaching $362.5 million, and a 33% increase in annual revenue, totaling $1.296 billion. Despite a GAAP loss from operations of $42.8 million, the company reported a non-GAAP income from operations of $39.8 million. Cloudflare also achieved record operating and free cash flow for the quarter, with $85.4 million and $50.7 million, respectively. CEO Matthew Prince attributed the strong performance to robust momentum with large customers, significant progress in the public sector, and growth in Cloudflare One. For the first quarter of 2024, Cloudflare anticipates revenue between $372.5 to $373.5 million and non-GAAP income from operations of $34.0 to $35.0 million. The full-year outlook for 2024 estimates revenue between $1.648 to $1.652 billion and non-GAAP income from operations of $154.0 to $158.0 million.
On February 8, 2024, Cloudflare, Inc. released its financial results for the fourth quarter and full fiscal year ended December 31, 2023. The report highlighted a 32% year-over-year increase in fourth-quarter revenue, reaching $362.5 million, and a 33% increase in annual revenue, totaling $1.296 billion. Despite a GAAP loss from operations of $42.8 million, the company reported a non-GAAP income from operations of $39.8 million. Cloudflare also achieved record operating and free cash flow for the quarter, with $85.4 million and $50.7 million, respectively. CEO Matthew Prince attributed the strong performance to robust momentum with large customers, significant progress in the public sector, and growth in Cloudflare One. For the first quarter of 2024, Cloudflare anticipates revenue between $372.5 to $373.5 million and non-GAAP income from operations of $34.0 to $35.0 million. The full-year outlook for 2024 estimates revenue between $1.648 to $1.652 billion and non-GAAP income from operations of $154.0 to $158.0 million.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.