Cloudflare (NET) Tops Q1 EPS by 5c, Guidance Mixed

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Cloudflare Announces First Quarter 2023 Financial Results

April 27, 2023 4:15 PM EDT

First quarter revenue totaled $290.2 million, representing an increase of 37% year-over-year Delivered GAAP loss from operations of $47.3 million, or 16% of total revenue, and non-GAAP income from operations of $19.4 million, or 7% of total revenue Achieved operating cash flow of $36.4 million, or 13% of total revenue, and free cash flow of $13.9 million, or 5% of total 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,... More