Cloudflare Inc (NYSE:NET) shares are trading higher in Thursday’s after-hours session following the company reporting better-than-expected financial results.
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Q4 Revenue: $362.47 million, beat estimates of $353.1 million
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Q4 EPS: 15 cents, beat estimates of 12 cents
Revenues were up 32% on a year-over-year basis. Operating cash flow came in at $85.4 million, and free cash flow was $50.7 million during the quarter. The company ended the quarter with $1.67 billion in cash, equivalents and available-for-sale securities.
“To close out the year, strength in our business was driven by robust momentum with large customers, significant progress in the public sector, and growth in Cloudflare One,” said Matthew Prince, co-founder and CEO of Cloudflare.
“The machine that underlies Cloudflare is firing efficiently on all cylinders, and while the macro environment remains challenging to…
