Cloudflare (NET) Reports In-Line Q1 EPS, Offers Q2 and FY Guidance

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Cloudflare Announces First Quarter 2021 Financial Results

May 6, 2021 4:15 PM EDT

First quarter revenue totaled $138.1 million, representing an increase of 51% year-over-year Record dollar-based net retention of 123%, representing an increase of 600 basis points year-over-year Strong large customer growth, with a record addition of roughly 120 large customers in the quarter and large customers now representing greater than 50% of revenue

SAN FRANCISCO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced financial results for its first quarter ended March 31, 2021.

We had a record-setting... More