Cloudflare Reports Strong Q4 Earnings, Exceeds Expectations

The cloud-services company's shares surge following a robust quarterly report, with significant growth and positive future guidance.

Cloudflare's Q4 earnings surpassed analysts' expectations with a 32% revenue increase to $362.5 million.
The company reported adjusted earnings of 15 cents per share, beating the forecasted 12 cents.
Cloudflare attributes its strong performance to large customer acquisitions, expansion in the public sector, and growth in its Cloudflare One solution.
For the upcoming quarter, Cloudflare projects adjusted earnings of 13 cents per share, slightly above analysts' expectations.
The company plans to focus on expanding its security services and supplying GPUs for AI, amid increased demand following cybersecurity concerns.