$CrowdStrike Holdings, Inc.(CRWD)$ has reported its 22Q4 earnings, press release, with Both EPS and Revenue beat.
- Revenue $637.4M (+47.9% Y/Y) beats by $10.56M;
- Non-GAAP EPS of $0.47 beats by $0.04.
Recent Highlights
- Annual Recurring Revenue increased 48% year-over-year and grew to $2.56 billion as of January 31, 2023, of which $221.7 million was net new ARR added in the quarter.
- Added 1,873 net new subscription customers in the quarter for a total of 23,019 subscription customers as of January 31, 2023, representing 41% growth year-over-year.
- CrowdStrike’s module adoption rates were 62%, 39% and 22% for five or more, six or more and seven or more modules, respectively, as of January 31, 20231.
- Announced CrowdStrike Falcon Surface, an External Attack Surface Management (EASM) module, which features capabilities from the recent acquisition of Reposify and uses a proprietary real-time 24/7 engine to identify risky exposure of known and unknown assets.
- Announced a new strategic alliance with Dell Technologies to help organizations prevent,
- Ranked #1 in IDC’s Worldwide Modern Endpoint Market Shares report2 for the third consecutive year.
Financials
Subscription Gross Margin: GAAP subscription gross margin was 75%, compared to 76% in the fourth quarter of fiscal 2022. Non-GAAP subscription gross margin was 77%, compared to 79% in the fourth quarter of fiscal 2022.
Cash, Cash Equivalents and Short-term Investments was $2.71 billion as of January 31, 2023.
Guidance
- Q1 Outlook: Total revenue $674.9 - $678.2 million, Non-GAAP income from operations $107.1 - $109.5 million, Non-GAAP EPS $0.50 - $0.51.
- 2024 Outlook: Total revenue $2,955.1 - $3,014.8 million, Non-GAAP income from operation $474.0 - $518.7 million, Non-GAAP EPS $2.21 - $2.39.
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