Cloudflare, Inc. released its financial results for the second quarter ended June 30, 2024, on August 1, 2024. The company reported a 30% year-over-year increase in revenue, totaling $401.0 million. Despite a GAAP loss from operations of $34.7 million, Cloudflare achieved a non-GAAP income from operations of $57.0 million. The company also reported operating cash flow of $74.8 million and free cash flow of $38.3 million. Cloudflare's CEO, Matthew Prince, highlighted the company's strong quarter, with $1.6 billion in annualized revenue and improved sales productivity. The financial outlook for the third quarter of fiscal 2024 includes total revenue expectations of $423.0 to $424.0 million and non-GAAP income from operations of $50.0 to $51.0 million. For the full year, Cloudflare anticipates total revenue of $1,657.0 to $1,659.0 million and non-GAAP income from operations of $196.0 to $198.0 million. The company's investor conference call discussed these results and provided additional insights into its performance and strategies.

Cloudflare, Inc. released its financial results for the second quarter ended June 30, 2024, on August 1, 2024. The company reported a 30% year-over-year increase in revenue, totaling $401.0 million. Despite a GAAP loss from operations of $34.7 million, Cloudflare achieved a non-GAAP income from operations of $57.0 million. The company also reported operating cash flow of $74.8 million and free cash flow of $38.3 million. Cloudflare's CEO, Matthew Prince, highlighted the company's strong quarter, with $1.6 billion in annualized revenue and improved sales productivity. The financial outlook for the third quarter of fiscal 2024 includes total revenue expectations of $423.0 to $424.0 million and non-GAAP income from operations of $50.0 to $51.0 million. For the full year, Cloudflare anticipates total revenue of $1,657.0 to $1,659.0 million and non-GAAP income from operations of $196.0 to $198.0 million. The company's investor conference call discussed these results and provided additional insights into its performance and strategies.