cloud technology
Business Wire
Published on : Dec 7, 2023
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: