CrowdStrike Holdings Shares Jump After Strong Fourth Quarter and Fiscal Year 2022 Financial Results
Mar 10, 2022 By MarketDepth
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) shares spiked more than 15% after the global cybersecurity company announced financial results for the fourth quarter and fiscal year 2022, ended January 31, 2022.
Revenue Up Over 60%
For the fourth quarter 2022, CrowdStrike reported total revenue was $431.0 million, a 63% increase, compared to $264.9 million in the fourth quarter of fiscal 2021. Subscription revenue was $405.4 million, a 66% increase, compared to $244.7 million in the fourth quarter of fiscal 2021.
“CrowdStrike once again delivered an exceptional fourth quarter and capped off a record year, achieving new milestones across both the top and bottom line. Net new ARR of $217 million in the quarter was a new all-time high, driven by the expansion of our leadership in the core endpoint market as well as a record quarter for cloud, identity protection and Humio. As our record results, growing scale and module adoption rates demonstrate, customers are increasingly leveraging the breadth and depth of the Falcon platform as they look to transform their security stack,”George Kurtz, CrowdStrike’s co-founder and chief executive officer
For fiscal year 2022, total revenue was $1.45 billion, a 66% increase, compared to $874.4 million in fiscal 2021. Subscription revenue was $1.36 billion, a 69% increase, compared to $804.7 million in fiscal 2021.
“The robust top-line growth and exceptional leverage we generated this year demonstrates the efficiency in our model and enables us to step-up investments in new technologies and international geographies. Our durable platform model and powerful innovation engine have translated into a truly differentiated offering in the market and strong momentum heading into fiscal year 2023. As we continue to capitalize on our unique market position, we firmly believe CrowdStrike’s best days are ahead.”Burt Podbere, CrowdStrike’s chief financial officer