Summary by Moomoo AI
Cloudflare, a global network services provider, reported a robust financial performance for the quarter ended September 30, 2024. The company's revenue saw a significant increase of 28% year-over-year, reaching $430.082 million. Gross profit also improved, rising to $334.115 million from $257.534 million in the same quarter of the previous year, with a gross margin of 78%. Operating loss decreased to $30.794 million from $39.212 million, while non-GAAP income from operations climbed to $63.468 million, up from $42.533 million. The company's net cash provided by operating activities was $104.727 million, a substantial increase from $68.100 million in the prior year. Cloudflare's international markets continued to represent a significant portion of revenue, accounting for 50% in the current quarter compared to 48% in the previous year. The company's paying customer...Show More
