United Kingdom: Cloudflare extends server hardware lifespan to five years

Cloudflare, during its Q4 2023 earnings call this week, revealed has become the latest company to extend the lifespan of its server hardware and will save millions of dollars by adding a year to the operational lifespan of its data center IT kit.

“With the evolution of the composition of our infrastructure, we undertook an assessment of the useful lives of our service and network equipment,” said Cloudflare CFO Thomas Seifert. “In January 2024, we determined that continuous advancements in hardware technology and improvements in our data center designs have increased the efficiency in how we operate our equipment, resulting in the estimated useful lives of these assets extending from four to five years starting in fiscal 2024.”

 Matthew Prince, co-founder and CEO of Cloudflare, also said during the earnings call, "We had an exceptionally strong fourth quarter. Our pipeline close rates, sales force productivity, average deal size, and linearity all improved markedly quarter-over-quarter. The machine that underlies Cloudflare is firing efficiently on all cylinders, and while the macro environment remains challenging to predict, customers continue to turn to us to connect, protect, and optimize their systems so they can gain the control they need to accelerate their businesses."