Cloudflare, Inc.

bill came in at $760 million, representing an increase of 10% sequentially and 57% year-over-year. Current RPO was 76% of total RPO. Before we move to guidance for the third quarter and full year, I would like to provide additional color on our expectations in light of the uncertainty in the macroeconomic environment. Similar to the early days of COVID, we performed rigorous analysis to understand both the risks and opportunities in the current environment. However, while COVID particularly affected a narrow set of industries, the current challenges impact a broader set of verticals, which is why we believe it's important for us to be more prudent in this quarter's guidance. Headwinds from foreign exchange have also accelerated, and with our product portfolio priced in U.S. dollars, Our products are becoming more expensive internationally. And while we haven't seen a material change in our customers' behavior to date, we are seeing elongated sales cycles at the high end of our business. We are cognizant of the increasingly cautious environment and have factored this into our outlook. For the third quarter, we expect revenue in the range of 250 to 251 million dollars. representing an increase of 45 to 46% year-over-year. We expect operating income in the range of $0 to $1 million. We expect net income per share of break-even to one cent, assuming approximately 342 million common shares outstanding. We expect a tax expense of $1.9 million. For the full year 2022, we expect revenue in the range of $968 so $972 million, representing an increase of 47% to 48% year-over-year. We expect operating income for the full year in the range of $7 million to $11 million. We expect net income per share over that period in the range of 3 to 4 cents, assuming approximately 343 million common shares outstanding. We expect a tax expense of $6.4 million, We are fortunate to be uniquely positioned as a provider of mission-critical services to our customers. And while there are challenges in the economy, we remain excited about the opportunity in front of us. I'd like to thank the Cloudflare employees for their continued dedication and resiliency in delivering exceptional service to our customers, partners, and communities. And with that, I'd like to open it up for questions. Operator, please pull for questions.

Thank you. As a reminder, if you would like to ask a question, press star then the number one on your telephone keypad. We do ask today that you limit yourself to one question and one follow-up. Thank you. Your first question comes from the line of Matt Hedberg with RBC Capital Markets. Your line is now open.

Great. Thank you very much for the question and congrats on the results in a tough environment. Maybe, Thomas, For you, you know, Matthew had a lot of helpful commentaries, and I think we appreciate the candor. You know, you mentioned longer sales cycles, but you still increased your full-year guide by $13 million or more than the $7 million Q2B. Can you talk a little bit more about specifically, you know, how you thought about levels, embedding levels of conservatism? And, you know, are you assuming things kind of stay the same or maybe get worse from here?