Cloudflare reports Q revenue up 36% YoY; warns on bot traffic
Cloudflare reported quarterly revenue of $696M, up 36% YoY, with 71.8% gross margin and non-GAAP net income of $107M despite a GAAP loss that included $150M restructuring. The company warned bots accounted for 57% of June network traffic.
8% and non-GAAP net income of $107M. The company also said bots accounted for 57% of June network traffic, which it said is making security and monetization more difficult. Cloudflare said its GAAP result included a $150M restructuring charge.