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Jan 31, 2022
Crowdstrike Q4 2022 Earnings Report
Crowdstrike's Q4 2022 earnings showcased strong growth and record cash flow.
Key Takeaways
CrowdStrike delivered an exceptional fourth quarter and capped off a record year, achieving new milestones across both the top and bottom line. Net new ARR reached an all-time high, driven by expansion in the core endpoint market and record performance in cloud, identity protection, and Humio. The company's robust top-line growth and exceptional leverage demonstrate the efficiency in its model, enabling investments in new technologies and international geographies.
Achieved record net new ARR of $217 million, accelerating growth for the second consecutive quarter.
Ending ARR grew 65% year-over-year to exceed $1.7 billion.
Delivered record operating and free cash flow for the second consecutive quarter.
Added 1,638 net new subscription customers, bringing the total to 16,325, representing 65% year-over-year growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CrowdStrike is providing the following guidance for the first quarter of fiscal 2023 (ending April 30, 2022) and guidance for fiscal year 2023 (ending January 31, 2023):
Positive Outlook
- Q1 FY23 Total revenue: $458.9 - $465.4 million
- Q1 FY23 Non-GAAP income from operations: $61.7 - $66.4 million
- Q1 FY23 Non-GAAP net income: $52.0 - $56.7 million
- Q1 FY23 Non-GAAP net income per share, diluted: $0.22 - $0.24
- Q1 FY23 Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted: 240 million
Challenges Ahead
- FY23 Total revenue: $2,133.1 - $2,163.2 million
- FY23 Non-GAAP income from operations: $289.2 - $311.8 million
- FY23 Non-GAAP net income: $251.1 - $273.6 million
- FY23 Non-GAAP net income per share, diluted: $1.03 - $1.13
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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