On March 5, 2024, CrowdStrike Holdings, Inc. reported its financial results for the fiscal quarter ending January 31, 2024. The cybersecurity leader announced a 34% year-over-year growth in Annual Recurring Revenue (ARR), reaching $3.44 billion, with net new ARR growth accelerating to 27% year-over-year, achieving a record $282 million. The company also reported its fourth consecutive quarter of record GAAP and non-GAAP net income, alongside record operating and free cash flow. Total revenue for the quarter was $845.3 million, a 33% increase from the previous year, with subscription revenue at $795.9 million. GAAP income from operations was $29.7 million, compared to a loss of $61.5 million in the same quarter of the previous fiscal year. Non-GAAP income from operations was $213.1 million, a significant increase from $95.6 million. The...Show More

On March 5, 2024, CrowdStrike Holdings, Inc. reported its financial results for the fiscal quarter ending January 31, 2024. The cybersecurity leader announced a 34% year-over-year growth in Annual Recurring Revenue (ARR), reaching $3.44 billion, with net new ARR growth accelerating to 27% year-over-year, achieving a record $282 million. The company also reported its fourth consecutive quarter of record GAAP and non-GAAP net income, alongside record operating and free cash flow. Total revenue for the quarter was $845.3 million, a 33% increase from the previous year, with subscription revenue at $795.9 million. GAAP income from operations was $29.7 million, compared to a loss of $61.5 million in the same quarter of the previous fiscal year. Non-GAAP income from operations was $213.1 million, a significant increase from $95.6 million. The company's GAAP net income attributable to CrowdStrike was $53.7 million, with a diluted net income per share of $0.22, marking a turnaround from a loss of $47.5 million in the prior year. Non-GAAP net income attributable to CrowdStrike was $236.2 million, with a diluted net income per share of $0.95. The company's strong financial performance is attributed to its single platform approach, which has garnered over $850 million of ending ARR. CrowdStrike's CFO highlighted the fiscal year's achievements, including a free cash flow margin of 31%, and expressed the company's focus on scaling the business to $10 billion ARR and beyond. The company also provided financial guidance for the first quarter of fiscal 2025 and the full fiscal year, projecting continued revenue growth and profitability.