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Cloudflare's 4Q 2021 earnings report


 Just took a look at Cloudflare's (NET) 4Q 2021 earnings report. Cloudflare is in an area that covers several hot spots, including content delivery networks, i.e. CDNs, cloud computing, and cybersecurity. For the Cloudflare quarterly report, here is a summary: 1) Revenue of $194 million (then expected 4Q revenue in the range of $184 to $185 million), up 52% year-over-year ($172 million in 2021, up 51% year-over-year). 2) The number of customers continues to grow rapidly, with the total number of customers has reached 1416 (1260 in the previous quarter). 3) Non-GAAP gross margin was 79.2% vs. 78.1% in the same quarter last year (vs. 79.2% in 3Q vs. 77.3% in the same quarter last year.) Non-GAAP net income has started to turn around, meaning it has started to be profitable. 4) Revenue is expected to be in the range of $205 to $206 million in 4Q. That works out to about 6% YoY growth.


Cloudflare had good results this time, beating its previous guidance. Revenues are still growing at a high rate, gross margins are gradually improving, and it is starting to be profitable. Its business is driving in the fast lane.


Cloudflare is in the CDN is a small branch of cloud computing. As you know this quarter Google cloud computing had a year-on-year growth of 44.6%. Microsoft's year-on-year growth in cloud computing this quarter was 46%. Amazon cloud computing year-on-year growth of 40%. Amazon's quarterly cloud revenue is already $17.8 billion. 194 million of Cloudflare's revenue, equivalent to one percent of Amazon. So, if Cloudflare's growth rate can not always exceed these big guys of cloud computing, investors really might as well invest directly in Amazon, Microsoft, and Google big guys well. If I have to choose, I will choose to invest directly in Amazon, Microsoft, and Google.


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