Fortune identifies Cloudflare among the top 50 global public companies best positioned for long-term revenue growth
Cloudflare, Inc., announced that it has been named a Fortune Future 50 company for 2023, ranked number six of the top fifty companies. Fortune and BCG Henderson Institute examined more than 1,700 publicly traded companies globally, ranking the top 50 based on an assessment of their long-term growth prospects taking into account indicators and signals of their future potential. Cloudflare’s inclusion on the Fortune Future 50 comes on the heels of notable financial, customer, and technology momentum. During the first three quarters of 2023, Cloudflare has increased its large customer base by 34% year-over-year and helped discover the online threat that led to the largest cyber attack in Internet history.
“At Cloudflare, we believe we have a privilege and responsibility to help drive a more secure, reliable, and connected Internet. With organizations of all sizes and sectors turning to Cloudflare to protect and connect anything online, we are helping make their employees, applications, and networks faster and more secure everywhere while reducing complexity and cost,” said Matthew Prince, Co-founder and CEO of Cloudflare. “Our recognition on the Fortune Future 50 is one more example of how the industry has taken note of our proven rate of innovation, and commitment to delivering mission-critical solutions for our customers and the Internet at-large.”
The Fortune Future 50 index complements traditional performance metrics with an assessment of the long-term growth prospects of the world’s largest publicly traded companies. The ranked companies were determined with 30% of a winning company’s score based on market potential, defined as its expected future growth as determined by financial markets pricing of its shares, and the other 70% based on a company’s capacity to deliver against this potential. This latter portion of the score comprises 19 factors, selected for the ability to predict growth over the following five years, which falls into four categories: Strategy; Technology and Investments; People; and Structure.
Today about 20% of the web runs through Cloudflare’s network, in addition to Internet properties like mobile apps and APIs, to corporate networks and AI infrastructure. Cloudflare has millions of customers, of which more than 182,000 are paying customers including approximately 30% of the Fortune 1000 companies, SMBs, nonprofits, government organizations, and the leading AI companies.
