Cloudflare Inc (NYSE:NET) reported second-quarter financial results after the market close on Thursday. Here’s what you need to know from the report.
- Q2 Revenue: $512.32 million, versus estimates of $501.33 million
- Q2 Adjusted EPS: 21 cents, versus estimates of 18 cents
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Total revenue was up 28% on a year-over-year basis. The company generated $99.8 million of operating cash flow and $33.3 million of free cash flow during the quarter.
Cloudflare ended the period with $3.96 billion in cash, cash equivalents and available-for-sale securities.
“We’re innovating faster than ever, and …