Customer GrowthLarge customers are driving growth, with revenue from customers spending over $100k annually growing 35% year over year, increasing from 67% of total revenue last year to 71% in the quarter.
Financial PerformanceCloudflare's Q2 total revenue growth of 27.8% surpassed street consensus and demonstrated the highest magnitude of beat versus guidance since Q4:23.
Product DevelopmentCloudflare has introduced new use-case bundles to streamline consumption of its rapidly expanding portfolio, aligning its enterprise aspirations closer to its peers.