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Oct 31, 2022
Crowdstrike Q3 2023 Earnings Report
Reported revenue growth of 53% year-over-year, reaching $581 million, and ending ARR growth of 54% year-over-year, reaching $2.34 billion.
Key Takeaways
CrowdStrike delivered strong revenue and earnings results, exceeding guidance in the face of increased macroeconomic headwinds. Revenue grew 53% year-over-year to $581 million, and ARR increased 54% year-over-year to $2.34 billion. The company achieved record cash flow from operations of $243 million and record free cash flow of $174 million.
Revenue grew 53% year-over-year to reach $581 million.
Ending ARR grew 54% year-over-year to reach $2.34 billion.
Achieved record cash flow from operations of $243 million and record free cash flow of $174 million.
Added 1,460 net new subscription customers, bringing the total to 21,146.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CrowdStrike is providing the following guidance for the fourth quarter and the full fiscal year 2023 (ending January 31, 2023):
Positive Outlook
- Total revenue Q4 FY23: $619.1 - $628.2 million
- Total revenue Full Year FY23: $2,223.0 - $2,232.0 million
- Non-GAAP income from operations Q4 FY23: $87.2 - $93.7 million
- Non-GAAP income from operations Full Year FY23: $347.2 - $353.8 million
- Non-GAAP net income attributable to CrowdStrike Q4 FY23: $100.9 - $107.5 million
Challenges Ahead
- Non-GAAP net income attributable to CrowdStrike Full Year FY23: $357.6 - $364.4 million
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted Q4 FY23: $0.42 - $0.45
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted Full Year FY23: $1.49 - $1.52
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted Q4 FY23: 241 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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