Cloudflare is ranked No. 6 on the 2023 Fortune Future 50 list for long-term growth and business potential | Martech Edge | Best News on Marketing and Technology
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Cloudflare is ranked No. 6 on the 2023 Fortune Future 50 list for long-term growth and business potential

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Cloudflare is ranked No. 6 on the 2023 Fortune Future 50 list for long-term growth and business potential

Cloudflare is ranked No. 6 on the 2023 Fortune Future 50 list for long-term growth and business potential

Business Wire

Published on : Dec 7, 2023

Fortune ranks Cloudflare among the world's top 50 publicly traded companies best positioned for long-term revenue growth

Cloudflare, Inc., the leading connectivity cloud company, today announced that it has been named a 2023 Fortune Future 50 company and ranked sixth among the fifty best companies. Fortune and the BCG Henderson Institute examined more than 1,700 publicly traded companies worldwide and ranked the top 50 based on an assessment of their long-term growth prospects, taking into account indicators and signals related to their future potential. Cloudflare's inclusion on Fortune's Future 50 list comes amid the company's remarkable financial, customer and technology momentum. In the first three quarters of 2023, Cloudflare managed to grow its already large customer base by 34% year-over-year. The company also helped uncover the online threat that led to the largest cyberattack in the history of the Internet .

At Cloudflare, we believe we have both the privilege and responsibility to promote a safer, more reliable, and more connected Internet. Companies of all sizes and industries turn to Cloudflare to protect and connect everything online. “We help them make their people, applications and networks faster and more secure everywhere, while reducing complexity and costs,” said Matthew Prince, co-founder and CEO of Cloudflare. “Our inclusion on Fortune's Future 50 list is further evidence of how the industry has recognized our proven pace of innovation and commitment to delivering mission-critical solutions for our customers and the Internet as a whole.”

The Fortune Future 50 Index complements traditional performance metrics by assessing the long-term growth prospects of the world's largest publicly traded companies. The ranking of companies was determined by basing 30% of a winning company's score on market potential, that is, expected future growth determined by the valuation of stocks in financial markets. The remaining 70% is based on the company's ability to meet that potential. The latter part of the assessment includes 19 factors selected for their ability to predict growth over the next five years, divided into four categories: Strategy, Technology and Investments, People and Structure.

Today, about 20% of the Internet runs on Cloudflare's network. Added to this are Internet properties such as mobile apps and APIs, corporate networks and AI infrastructure. Cloudflare has millions of customers, more than 182,000 of whom are paying customers, including approximately 30% of Fortune 1000 companies, small and medium-sized businesses, nonprofits, government organizations and the leading AI companies.

In addition to being named a Fortune Future 50, Cloudflare has received industry and editorial recognition for its business, culture, leadership and innovation, including:

  • The Webby Awards Top 5 Nominee Apps, dApps and Software - Technical Achievement 2023
  • Newsweek Top 100 Most Loved Workplaces 2023
  • CRN Security 100: 20 Coolest Web Application And Email Security Companies 2023
  • Deloitte Technology Fast 500 2023
  • The Webby Awards People's Voice Winner 2022
  • Newsweek Top 100 Most Loved Workplaces 2022
  • Human Resources Campaign Corporate Equality Index (CEI) 100 Perfect Score Company: Best Place to Work for LGBTQ Equality 2022
  • The Financial Times The Americas' 500 Fastest Growing Companies 2022
  • CRN Edge Computing 100: 25 Hottest Edge Security Companies 2022
  • CRN 5-Star Software Vendor: Partner Program Guide 2022
  • Deloitte Technology Fast 500 2022
  • Reuters Events The Global Responsible Business Awards 2021
  • Human Resources Campaign Corporate Equality Index (CEI) 100 Perfect Score Company: Best Place to Work for LGBTQ Equality 2021
  • Inc. Magazine Best Led Companies 2021
  • Fast Company World Changing Ideas 2021
  • Fast Company Most Innovative Companies 2021
  • CRN The Security 100: The 20 Coolest Network Security Companies 2021
  • Deloitte Technology Fast 500 2021
  • BuiltIn 100 Best Places to Work in Austin 2021
  • Reuters Events The Global Responsible Business Awards 2020
  • Fast Company World Changing Ideas 2020
  • Deloitte Technology Fast 500 2020