Cloudflare, Inc. (NET) CEO Matthew Prince On Q2 2021 Results - Earnings Call Transcript

Aug. 05, 2021 10:35 PM ETCloudflare, Inc. (NET) StockNET7 Comments
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Q2: 2021-08-05 Earnings Summary

EPS of -$0.02 beats by $0.02
 | Revenue of $152.43M (52.85% Y/Y) beats by $6.33M

Cloudflare, Inc. (NYSE:NET) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET

Company Participants

Jayson Noland - Head, Investor Relations
Matthew Prince - Co-Founder & Chief Executive Officer
Thomas Seifert - Chief Financial Officer

Conference Call Participants

Matt Hedberg - RBC Capital Markets
Brent Thill - Jefferies
Jim Fish - Piper Sandler
Shaul Eyal - Cowen
Tim Horan - Oppenheimer
Jonathan Ruykhaver - Baird
Alex Henderson - Needham
Jim Breen - William Blair
Gregg Moskowitz - Mizuho

Operator

Good day and thank you for standing by and welcome to the Cloudflare Q2 2021 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers remarks there will be a question-and-and session [Operator Instructions].

I would now like to hand the conference over to your speaker today, Jayson Noland. Please go ahead.

Jayson Noland

Thank you for joining us to discuss Cloudflare's financial results for the second quarter 2021. With me on the call, we have Matthew Prince, Co-Founder and CEO; Michelle Zatlyn, Co-Founder, President and COO; and Thomas Seifert, CFO.

By now, everyone should have access to our earnings announcement. This announcement as well as our supplemental financial information may be found in our Investor Relations website.

As a reminder, we'll be making forward-looking statements during today's discussion, including, but not limited to our customers', vendors' and partners' operations and future financial performance; anticipated product launches and the timing and market potential of those products; the company's anticipated future revenue, financial performance, operating performance, non-GAAP gross margin, non-GAAP net loss from operations, non-GAAP net loss per share, shares outstanding, non-GAAP operating expenses, free cash flow, non-GAAP effective tax rate, dollar-based net retention rate, total customers, paying customers and large customers. These statements and other comments are not guarantees of future performance but rather are subject to risks and uncertainty, some of which are beyond our control, including, but not limited to, the extent and duration of the impact of

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