Cloudflare, Inc., a premier connectivity cloud company, revealed today its inclusion as the sixth-ranked Fortune Future 50 company for 2023. The ranking, determined by Fortune and BCG Henderson Institute, assessed over 1,700 publicly traded companies worldwide, selecting the top 50 based on a comprehensive evaluation of their long-term growth potential, considering indicators and signals of future success. Cloudflare’s recognition follows a period of significant financial, customer, and technological achievements. In the first three quarters of 2023, Cloudflare expanded its large customer base by 34% year-over-year and played a pivotal role in uncovering the online threat that triggered the largest cyber attack in Internet history.
Matthew Prince, Co-founder and CEO of Cloudflare, emphasized the company’s commitment to fostering a more secure, reliable, and interconnected Internet. Cloudflare’s impact extends across diverse organizations, with businesses of all sizes and sectors turning to the company for enhanced online protection and connectivity. Prince highlighted Cloudflare’s role in making employees, applications, and networks faster and more secure globally, all while reducing complexity and cost.
The Fortune Future 50 index goes beyond traditional performance metrics, incorporating an evaluation of the long-term growth prospects of the world’s largest publicly traded companies. The rankings consider market potential, defined as expected future growth based on financial market pricing, and a company’s ability to deliver against this potential. The latter comprises 70% of a company’s score and includes 19 factors categorized under Strategy, Technology and Investments, People, and Structure, selected for their predictive ability over the next five years.
Presently, approximately 20% of the web traffic flows through Cloudflare’s network, spanning from Internet properties like mobile apps and APIs to corporate networks and AI infrastructure. With millions of customers, including over 182,000 paying customers, Cloudflare serves diverse sectors, including Fortune 1000 companies, SMBs, nonprofits, government organizations, and leading AI companies.
In addition to the Fortune Future 50 recognition, Cloudflare has received various industry accolades for its business, culture, leadership, and innovation, underscoring its prominent position in the technology landscape. Notable awards include The Webby Awards Top 5 Nominee for Technical Achievement 2023, Newsweek’s Top 100 Most Loved Workplaces 2023, and recognition in CRN Security 100 and Deloitte Technology Fast 500 for 2023. These accolades complement Cloudflare’s reputation for innovation and dedication to delivering mission-critical solutions for customers worldwide.
