Cloudflare (NET, Financial) has released its first-quarter financial results, revealing a revenue of $479.1 million, outpacing the expected $469.7 million. The company marked the beginning of 2025 with notable achievements, including securing its largest-ever contract valued at over $100 million, primarily driven by its Workers developer platform. Additionally, they signed their longest-term SASE contract to date.
Matthew Prince, Cloudflare's co-founder and CEO, expressed confidence in the company’s trajectory, emphasizing its capability to seize significant opportunities ahead. As the landscape continuously evolves, Cloudflare focuses on innovation, particularly in networking, security, and AI, maintaining a leadership role within the industry.
