Cloudflare $NET revenue of 783 million, +39%.
The faster it grows, the thinner the gross margin.
· 5006 large customers, up from 4009 last year
· Net retention rate: 122%, up from 119% last year
· Contract backlog: 2.877 billion, +37%
· GAAP gross margin: 71.2%, down from 74.0% last year
· Free cash flow: 8208万, margin of 10%
Adjusted margins are rising, while gross margin is retreating.
Adjusted operating margin climbed from 15.3% to 17.5%, while gross margin fell 2.8 percentage points. Stock-based compensation of 1.74 亿 is still kept off the books.
The leverage comes from cost savings.
Whether the free cash flow margin can hold at 10% is key.
Q4 guidance is 8.45 亿, so growth needs to step up again.
#BStocks #云计算 #股票财报季
The faster it grows, the thinner the gross margin.
· 5006 large customers, up from 4009 last year
· Net retention rate: 122%, up from 119% last year
· Contract backlog: 2.877 billion, +37%
· GAAP gross margin: 71.2%, down from 74.0% last year
· Free cash flow: 8208万, margin of 10%
Adjusted margins are rising, while gross margin is retreating.
Adjusted operating margin climbed from 15.3% to 17.5%, while gross margin fell 2.8 percentage points. Stock-based compensation of 1.74 亿 is still kept off the books.
The leverage comes from cost savings.
Whether the free cash flow margin can hold at 10% is key.
Q4 guidance is 8.45 亿, so growth needs to step up again.
#BStocks #云计算 #股票财报季
