When $CrowdStrike Holdings, Inc.(CRWD)$ was <$100, nobody wanted to touch the stock b/c they couldn't compete with $Microsoft(MSFT)$ & $SentinelOne, Inc(S)$ is a better disruptor.
Now that $CrowdStrike Holdings, Inc.(CRWD)$ is ~$360, everybody wants it.
$CrowdStrike Holdings, Inc.(CRWD)$ just reported strong earnings and the stock is up 18% after hours.
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It is now up 137% since she bought back on 11/3/2020
Another $1M winner for the Pelosi portfolio
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$CrowdStrike Holdings, Inc.(CRWD)$ delivered an exceptional fourth quarter and fiscal year, exceeding expectations and achieving record results across various metrics, including net new ARR, operating margin, free cash flow, and GAAP profitability.
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Q4'23 Results:
↗️$845M rev (+32.6% YoY, +35.3% LQ) beat est by 0.7%
↗️GM* (78.2%, +2.8%pp YoY)
↗️Operating Margin* (25.2%, +10.2%pp YoY)
↗️FCF Margin (33.5%, +0.6%pp YoY)
↗️EPS* $0.95 beat est by 15.9%🟢
*non-GAAP
Key Metrics
➡️DBNR 119% (119% LQ)
↗️ARR $3.44B (+34.2% YoY, +282 net new ARR)🟢
↗️RPO $4.60B (+36.6% YoY)🟢
↗️Billings $1,356M (+38.8% YoY)🟢
Customer Engagement with Multiple Modules
↗️% of customers using 5+ Modules (64%, 63% LQ)
↗️% of customers using 6+ Modules (43%, 42% LQ)
↗️% of customers using 7+ Modules (27%, 26% LQ)
Operating expenses
↘️S&M*/Revenue 28.8% (30.9% LQ)
↘️R&D*/Revenue 18.0% (18.2% LQ)
↘️G&A*/Revenue 6.2% (6.4% LQ)
↗️Net New ARR $282M ($223 LQ)
↘️CAC* Payback Period 13.3 Months (16.0 LQ)
Dilution
↗️SBC/rev 21%, +0.5%pp QoQ
↗️Dilution at 2.5% YoY, +0.1%pp QoQ
Guidance
↗️Q1'24 $905.8M guide (+30.8% YoY) beat est by 0.7%
↗️$3,989M FY guide (+30.5% YoY) beat est by 1.2%
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