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Apr 30, 2021
Crowdstrike Q1 2022 Earnings Report
Crowdstrike's first quarter of fiscal year 2022 demonstrated strong financial performance, exceeding expectations with significant growth in ARR and customer base.
Key Takeaways
CrowdStrike reported a strong first quarter for fiscal year 2022, with revenue reaching $302.8 million, a 70% increase year-over-year. The company achieved an ending ARR of $1.19 billion, driven by $144 million in net new ARR. CrowdStrike added 1,524 net new subscription customers and delivered record operating and free cash flow for the second consecutive quarter.
Total revenue increased by 70% year-over-year, reaching $302.8 million.
ARR grew by 74% year-over-year, reaching $1.19 billion.
Net new ARR added in the quarter was $144 million.
Added 1,524 net new subscription customers, bringing the total to 11,420.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
CrowdStrike provided guidance for the second quarter of fiscal year 2022 and increased its guidance for the full fiscal year 2022.
Positive Outlook
- Total revenue for Q2 FY22 is expected to be between $318.3 million and $324.4 million.
- Non-GAAP income from operations for Q2 FY22 is projected to be between $26.3 million and $30.7 million.
- Non-GAAP net income attributable to CrowdStrike for Q2 FY22 is expected to be between $17.7 million and $22.1 million.
- Total revenue for FY22 is expected to be between $1,347.0 million and $1,365.7 million.
- Non-GAAP income from operations for FY22 is projected to be between $115.7 million and $129.6 million.
Challenges Ahead
- These statements are forward-looking and actual results may differ materially as a result of many factors.
- Guidance for non-GAAP financial measures excludes stock-based compensation expense.
- Guidance excludes amortization expense of acquired intangible assets.
- Guidance excludes amortization of debt issuance costs and discount.
- Guidance excludes acquisition-related expenses, and tax costs for intellectual property integration relating to the Humio acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income