CrowdStrike's Record-Breaking Fiscal Year 2023 Financial Results

Fourth Quarter and Fiscal Year Highlights

Key Financial Metrics

• Achieved GAAP profitability for the second consecutive quarter
• Delivered record non-GAAP net income
• Ending ARR (annual recurring revenue) grew 34% year-over-year to $3.44 billion
• Net new ARR growth accelerated to 27% year-over-year, reaching a record

Business Growth and Innovation

CrowdStrike's success is attributed to its continued focus on innovation and customer satisfaction. In the past year, the company has:

• Expanded its product portfolio with new and enhanced security solutions
• Invested in research and development to maintain its leading position in the cybersecurity industry
• Grown its customer base across all industries and regions

Financial Performance

CrowdStrike's financial performance has been consistently strong throughout Fiscal Year 2023, with continued growth in key metrics.

• Revenue: Total revenue for the year reached $2.53 billion, a 53% increase from the previous year.
• GAAP Net Income: The company achieved GAAP net income of $272 million, compared to a loss of $285 million in Fiscal Year 2022.
• Non-GAAP Net Income: Non-GAAP net income rose 71% year-over-year to $397 million.

Outlook

CrowdStrike remains optimistic about its future growth prospects. The company expects continued demand for its cybersecurity solutions as businesses face an increasingly complex threat landscape.

For Fiscal Year 2024, CrowdStrike projects revenue growth in the mid-30% range, with continued profitability and strong cash flow generation.

Conclusion

CrowdStrike's record-breaking Fiscal Year 2023 financial results demonstrate the company's continued success as a leader in the cybersecurity industry. With its strong financial performance and commitment to innovation, CrowdStrike is well-positioned for continued growth in the years to come.