Cloudflare Q4 FY12/24 Earnings Review

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Best Foot Forward

By Hermit Warrior, aka Richard Iacuelli

"Lead with that next time" is the cliched line in a typical movie scene when the most important information should have been said first, not last. I think Cloudflare ($NET) got the message - and pushed it loud and clear this quarter.

That most important piece of information - the growth in Large Customers with >$100K Revenue - featured prominently in their earnings presentation, starting with the first slide.

The earnings print was not bad, but not exceptional either. Here's the Headlines.

Revenue growth came in a little above the guide at 27% but was down from 28% the previous quarter. The guide for Q1 is for 24% growth QoQ, a step down from the 27% QoQ growth in Q3.