Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Cloudflare, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $290.2 million, net income $38.1 million, EPS $0.12.
- Period
- the fiscal quarter ended March 31, 2023
- Revenue
- $290.2 million
- Net income
- $38.1 million
- EPS
- $0.12
- Result
- reported results
Exact text from the filing
First Quarter Fiscal 2023 Financial Highlights • Revenue : Total revenue of $290.2 million, representing an increase of 37% year-over-year. • Gross Profit : GAAP gross profit was $219.7 million, or 75.7% gross margin, compared to $165.1 million, or 77.8%, in the first quarter of 2022. Non-GAAP gross profit was $225.9 million, or 77.8% gross margin, compared to $166.9 million, or 78.7%, in the first quarter of 2022. • Operating Income (Loss) : GAAP loss from operations was $47.3 million, or 16.3% of total revenue, compared to $40.0 million, or 18.9% of total revenue, in the first quarter of 2022. Non-GAAP income from operations was $19.4 million, or 6.7% of total revenue, compared to $4.9 million, or 2.3% of total revenue, in the first quarter of 2022. • Net Income (Loss) : GAAP net loss was $38.1 million, compared to $41.4 million in the first quarter of 2022. GAAP net loss per basic and diluted share was $0.12, compared to $0.13 in the first quarter of 2022.
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