Cloudflare reports 30% YoY increase in Q2 revenue to $401 million, surpassing estimates.

Cloudflare reported a 30% YoY increase in Q2 revenue, reaching $401 million, surpassing Street consensus estimate of $394.69 million. The company also achieved an EPS of 20 cents, exceeding the Street consensus estimate of 14 cents per share. Cloudflare expects revenue to be between $1.657B-1.659B for the full fiscal year and forecasts Q3 revenue to be between $423M-424M with an EPS guidance of 18 cents, compared to a Street consensus estimate of 15 cents.

August 01, 2024
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