FASTLY (NYSE:FSLY) Q2 2019 Earnings Conference Call Transcript

Aug 08, 2019 • 04:30 pm ET

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FASTLY (NYSE:FSLY) Q2 2019 Earnings Conference Call Transcript

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Presentation
Executive
Artur Bergman

be a company full of kind, honest, passionate and ethical people and to keep growing at a high rate and sustainable rate, we will continue to maintain that culture. So we have intentionally grown values first and scaled our workforce, services and customer portfolio purposefully. I'm proud to say that we've grown with integrity and we'll continue to do so.

This afternoon, we issued a shareholder letter with detailed remarks, which I encourage everyone to read. On this call, I'd like to focus on a few key takeaways from our most recent quarter. We generated $46 million of revenue in Q2, up 34% year-over-year. Our dollar based net expansion rate was 132%, up from 130% last quarter. Revenue from enterprise customers as a percentage of total last 12 months revenue increased to 86%, up from 82% year-over-year.

Enterprise customer account increased to 262 up from 190 year-over-year. We have added to our network and now have 64 POPs online online, providing access to 52 terabytes per second of global network capacity. And we continue to identify opportunities to drive leverage and expect to maintain our path toward profitability in the years to come. We've built a powerful edge cloud platform that fuels modern digital experiences, allows agile development as close to end users as possible. We really are powering the best of the Internet.

Our platform enables high quality, low latency delivery of applications, content, security and edge compute capabilities. This edge cloud platform is based on three core tenants, developers must be empowered to innovate, platforms must innovate ahead of market demands while still being reliable, scalable and secure and vendors must provide exceptional flexibility and support. We will continue to see increased developer demands for our edge cloud platform. Our long-term growth strategies will be driven by two key factors, winning new enterprise customers and expanding usage from existing customers and partners.

I believe that our results demonstrate continued success in pursuit of this strategy and our team remains focused on building upon this momentum. We'll continue to invest in our edge cloud platform, when we make it faster, more secure and more flexible for our customers and developers. For example, we have our new edge cloud developer tools released this week that make it faster, safer for developers to discover, test, customize and deploy edge cloud solutions with pretested, prebase solutions.

We believe this will drive continued growth throughout the third quarter and the remainder of the year. We're encouraged by recent progress, we're excited about our future and we look forward to sharing our progress with you for many quarters and Adriel and Joshua and I would like to reserve the rest of this time for Q&A.