Cloudflare Sees Q3 EPS $0.18 Vs $0.15 Est.; Revenue $423M-$424M Vs $423.61M Est; FY24 EPS $0.70-$0.71 Vs $0.63 Est.; Revenue $1.657B-$1.659B Vs $1.65B Est.

Author: Benzinga Newsdesk | August 01, 2024 04:30pm

Financial Outlook

For the third quarter of fiscal 2024, we expect:

• Total revenue of $423.0 to $424.0 million
• Non-GAAP income from operations of $50.0 to $51.0 million
• Non-GAAP net income per share of $0.18, utilizing weighted average common shares outstanding of approximately 359 million

For the full year fiscal 2024, we expect:

• Total revenue of $1,657.0 to $1,659.0 million
• Non-GAAP income from operations of $196.0 to $198.0 million
• Non-GAAP net income per share of $0.70 to $0.71, utilizing weighted average common shares outstanding of approximately 358 million

These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Posted In: NET