CrowdStrike Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Key Highlights
CrowdStrike's fourth-quarter and fiscal year 2023 financial results showcase continued growth and strong performance across the business.
Financial Performance
- Annual Recurring Revenue (ARR) reached $3.44 billion, representing a 34% year-over-year increase.
- Net new ARR growth reached a record $282 million, a 27% year-over-year increase.
- Subscription revenue increased by 35% year-over-year to $497 million for the quarter.
- GAAP net loss was $138 million, compared to a net loss of $124 million in the same period of the previous year.
Operational Highlights
- Released the 2024 CrowdStrike Global Threat Report, highlighting an increase in adversaries exploiting stolen identity credentials.
- Expanded cloud-native offerings with the launch of CrowdStrike Falcon Horizon.
- Formed strategic partnerships with Microsoft and Google Cloud to enhance security offerings.
- Grew the customer base to over 2,200 enterprise customers worldwide.
CrowdStrike's strong financial and operational performance demonstrates its continued leadership in the cybersecurity industry. The company's focus on cloud-based security solutions and innovation positions it for continued growth and success in the future.
For more information, refer to CrowdStrike's official press release: CrowdStrike Reports Fourth Quarter and Fiscal Year 2023 Financial Results
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