Cloudflare Inc

NET: XNYS (USA)
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Cloudflare Earnings: Upmarket and Channel Partner Momentum Drives Results; Shares Overvalued

Cloudflare reported solid second-quarter results, with sales growing 28% to $512 million and adjusted margin remaining flat at 14% as investments in artificial intelligence talent and infrastructure drove costs higher. Large accounts accounted for 71% of sales, up from 67% a year ago.

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