Cloudflare Channel And Alliance Business Revenue Accelerates 174% Over Two Years, Expands With Additional Paths To Revenue
Portfolio Pulse from Benzinga Newsdesk
Cloudflare, Inc. (NYSE:NET) announced a 174% increase in channel revenue over the last two years, earning a 5-Star ranking from CRN for its Partner Program. The Cloudflare PowerUP Partner Program aims to provide clear revenue paths for global partners, emphasizing the importance of partnerships in delivering comprehensive cybersecurity solutions across various sectors. Cloudflare's connectivity cloud supports organizations in managing cyber risks, reducing costs, and fostering innovation across cloud environments.
March 26, 2024 | 1:08 pm
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Cloudflare's channel revenue has grown 174% in two years, with its PowerUP Partner Program receiving a 5-Star ranking from CRN. This growth and recognition highlight the company's strong position in cybersecurity and cloud services, potentially attracting more partners and customers.
The significant increase in channel revenue and the high accolade from CRN for Cloudflare's Partner Program suggest a strong market position and operational success. This could lead to increased investor confidence, potentially driving up the stock price in the short term as the market reacts to these positive indicators of growth and industry recognition.
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