Cloudflare upped its full-year profit and revenue guidance after logging higher sales in the second quarter, boosted by strong demand from its largest customers.

The connectivity cloud company said Thursday it now forecasts adjusted earnings per share of 85 cents to 86 cents for the full year, compared to 79 cents to 80 cents previously.

It now expects revenue of $2.11 to $2.12 billion, up from its prior outlook of about $2.09 billion.

Chief Executive Matthew Prince said the company is seeing continued strong demand as its largest customers sign bigger and longer deals. The company is also uniquely positioned to enable agentic innovation going forward, he added.

"We are firing on all cylinders, with the right technology, strategy, and team to accelerate the next phase of growth for Cloudflare and for the Internet at-large," Prince said.

In its latest quarter, the company posted a loss of $50.4 million, or 15 cents a share, compared with a loss of $15.1 million, or 4 cents a share, a year earlier.

Adjusted earnings per share were 21 cents, ahead of estimates of 18 cents a share according to analysts polled by FactSet.

Revenue rose 28% to $512.3 million, above the $501.3 million modeled by analysts.

For the third quarter, the company expects adjusted earnings of 23 cents a share on sales of $543.5 million to $544.5 million. Analysts expect adjusted earnings per share of 21 cents and revenue of $538.3 million.