NET · Cloudflare Inc.
AI read · Good for NET
The AI's read
The results point to customers spending more and give Cloudflare a higher expected sales and profit base. Current remaining performance obligations rose 37%, and cash from operations increased to $215.4 million from $167.1 million. Free cash flow grew in dollars, but fell from 13% to 10% of sales. That tempers the report, but the sales growth and raised forecasts carry more weight.