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