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Cloudflare reports strong Q2 revenue growth, boosting stock despite losses, as IPOMarket prepares Figma IPO coverage.
Cloudflare reported a 28% revenue growth in Q2, surpassing analyst expectations, with a net retention rate of 114%.
Despite a GAAP net loss of $50.4 million and a drop in free cash flow, the company's stock rose 6% post-report, driven by strong customer investments and AI initiatives.
IPOMarket.com will cover Figma's upcoming IPO, aiming to demystify the IPO process and highlight the company's impact on the financial future.
The coverage will be featured on New to The Street TV and NewsOut Channel.
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Cloudflare informa un fuerte crecimiento de los ingresos del segundo trimestre, impulsando las acciones a pesar de las pérdidas, ya que IPOMarket prepara la cobertura de la OPI de Figma.