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First quarter revenue totaled $290.2 million, representing an increase of 37% year-over-year
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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%
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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, 2023.
“In the first quarter, we grew revenue 37% year-over-year to $290.2 million, delivered the third consecutive quarter of record operating profit and margin, and significantly outperformed on free cash flow,” said Matthew Prince, co-founder & CEO of Cloudflare. “Our world-class innovation engine remains laser focused on continuing to build mission-critical products that customers need, and we are committed to making the necessary operational changes to become world-class in sales productivity—both of which create durable competitive advantages.”
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