CrowdStrike: Bouncing Back

Simple Investing

Summary

CrowdStrike published revenue growth of 32%, free cash flow margin of 28%, achieving a Rule of 60 on a free cash flow basis.
Guidance was revised down as expected, and the extent to which it was guided down was better than expected, alleviating fears of a more severe impact from the incident.
Near-term temporary headwinds include extended sales cycles, more flexible payment terms, impact from customer commitment packages, but the long-term targets were once again reiterated.
Customer conversations show that customers still see CrowdStrike as their top consolidation partner, and retention ratios continue to be strong even after the incident.
CrowdStrike is seeding long-term partnerships with customers through the customer commitment packages, which provides customers affected by the incident with more flexible terms, discounts, amongst others.

Robert Way

CrowdStrike (NASDAQ:CRWD) had one of the most challenging periods as a publicly listed company after the July 19 outage.

In my previous CrowdStrike article, which can be found here, this was before the July 19 outage, but I

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Guidance was revised down as expected, and the extent to which it was guided down was better than expected, alleviating fears of a more severe impact from the incident. Near-term temporary headwinds include extended sales cycles, more flexible payment terms, impact from customer commitment packages, but the long-term targets were once again reiterated. Customer conversations show that customers still see CrowdStrike as their top consolidation partner, and retention ratios continue to be strong even after the incident. CrowdStrike is seeding long-term partnerships with customers through the customer commitment packages, which provides customers affected by the incident with more flexible terms, discounts, amongst others. Robert Way CrowdStrike (NASDAQ:CRWD) had one of the most challenging periods as a publicly listed company after the July 19 outage. 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