04:52 PM EDT, 08/01/2024 (MT Newswires) -- Cloudflare ( NET ) reported late Thursday Q2 non-GAAP net income of $0.20 per diluted share compared with $0.10 a year earlier.

Analysts polled by Capital IQ expected $0.14.

Revenue for the quarter ended June 30 was $401 million, compared with $308.5 million a year earlier.

Analysts expected $394.5 million.

For Q3, the cyber-security company is projecting non-GAAP EPS of $0.18 on revenue of $423 million to $424 million. Analysts are looking for $0.15 on revenue of $423.3 million.

For 2024, Cloudflare ( NET ) is guiding non-GAAP EPS of $0.70 to $0.71 on around $1.66 billion in revenue.

Analysts are expecting $0.62 on revenue of $1.65 billion.

Cloudflare ( NET ) shares rose nearly 9% in after-hours trading.

Price: 80.62, Change: +6.22, Percent Change: +8.36