Cloudflare Inc. reported second-quarter revenue of $512.3 million, exceeding the $501.3 million average analyst estimate and rising 28 percent from a year earlier. Adjusted earnings increased to $0.21 a share, also ahead of the $0.18 consensus, while adjusted net income reached $75.1 million. On a GAAP basis, the company posted a net loss of $50.4 million, or $0.15 per share. Buoyed by the results, the web-security and content-delivery provider raised its full-year outlook. Management now projects fiscal-year 2025 revenue of $2.1135 billion to $2.1155 billion and non-GAAP earnings of $0.85 to $0.86 a share, both above Wall Street expectations. For the third quarter, Cloudflare forecasts revenue of $543.5 million to $544.5 million and adjusted earnings of about $0.23 a share, surpassing consensus estimates. Shares gained roughly 6.5 percent to 7.5 percent in post-market trading, briefly hitting an all-time high, as investors responded to the stronger-than-expected quarter and improved guidance. Chief Executive Officer Matthew Prince said the company exceeded $2 billion in annualized revenue and reaccelerated growth to 28 percent year over year.