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Jul 31, 2021
Crowdstrike Q2 2022 Earnings Report
Crowdstrike achieved record net new ARR and strong subscription revenue growth.
Key Takeaways
CrowdStrike reported strong second quarter fiscal year 2022 financial results, with a 70% increase in total revenue to $337.7 million and a 70% increase in ARR to $1.34 billion. The company added a record 1,660 net new subscription customers and generated $151 million in net new ARR.
Total revenue increased by 70% year-over-year to $337.7 million.
ARR increased 70% year-over-year to $1.34 billion.
The company added 1,660 net new subscription customers, bringing the total to 13,080.
Non-GAAP income from operations was $35.3 million, compared to $7.8 million in the second quarter of fiscal 2021.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
CrowdStrike is providing the following guidance for the third quarter of fiscal 2022 (ending October 31, 2021) and increasing its guidance for fiscal year 2022 (ending January 31, 2022):
Positive Outlook
- Total revenue $358.0 - $365.3 million
- Total revenue $1,391.2 - $1,409.4 million
- Non-GAAP income from operations $29.4 - $34.7 million
- Non-GAAP income from operations $138.5 - $152.1 million
- Non-GAAP net income attributable to CrowdStrike $19.7 - $25.0 million
Challenges Ahead
- Non-GAAP net income attributable to CrowdStrike $102.9 - $116.5 million
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.08 - $0.10
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.43 - $0.49
- Weighted average shares used in computing non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted 240 million
- Weighted average shares used in computing non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted 239 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income