Cloudflare Q1 Non-GAAP EPS Flat, Revenue Increases; Issues Q2 Outlook; Shares Rise After Hours

MT Newswires Live

May 09

Cloudflare (NET) reported Q1 non-GAAP earnings Thursday of $0.16 per diluted share, unchanged from $0.16 a year earlier.

Analysts polled by FactSet expected $0.16.

Revenue for the quarter ended March 31 was $479.1 million, up from $378.6 million a year earlier.

Analysts surveyed by FactSet expected $469.3 million.

The company said it expects Q2 non-GAAP EPS of $0.18 and revenue between $500 million and $501 million.

Analysts polled by FactSet expect $0.19 and $500.4 million.

The company still expects fiscal 2025 non-GAAP EPS between $0.79 and $0.80 and revenue between $2.09 billion and $2.094 billion.

Analysts surveyed by FactSet expect $0.80 and $2.095 billion.

The company's shares were rising past 4% in recent after-hours activity.

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