DA Davidson Upgrades Fastly Inc. (FSLY) to Buy, 'New CEO Righting Ship'

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Fastly Announces Fourth Quarter and Full Year 2022 Financial Results

February 15, 2023 4:05 PM EST

Record quarterly revenue exceeded high-end of quarterly guidance range and grew 22% year-over-year Record annual revenue of $432.7 million, representing 22% growth year-over-year GAAP gross margin grew 380 bps sequentially; non-GAAP gross margin grew 340 basis points sequentially Trailing 12 month net retention rate (LTM NRR)1 increased to 119% in the fourth quarter from 118% in the third quarter 2022

SAN FRANCISCO--(BUSINESS... More