Cloudflare Q2 revenue $401M (+30% YoY); non-GAAP EPS $0.20 beats $0.10 YoY

Cloudflare, Inc.

2024-Q2 EPS reported -$0.15 revenue$779,598,000

Revenue $401.0M, up 30% YoY; annualized revenue crossed $1.6B.
GAAP net loss narrowed to $15.1M ($0.04/share) from $94.5M ($0.28/share) YoY.
Non-GAAP net income $69.5M ($0.20 diluted EPS) vs $33.7M ($0.10) YoY.
Operating cash flow $74.8M (19% of revenue); free cash flow $38.3M (10% of revenue).
GAAP gross margin 77.8%; non-GAAP gross margin 79.0%; both improved YoY.

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