CrowdStrike Holdings Inc. Announces Q3 2022 Financial Highlights, Reports Strong Growth
Key Takeaways
- Non-GAAP net income increased by 58% year-over-year to $111.6 million.
- Annual Recurring Revenue (ARR) grew by 34% year-over-year to reach $3.44 billion.
- Total revenue increased by 63% year-over-year to $380.1 million.
Financial Performance Overview
CrowdStrike Holdings Inc. reported strong financial performance in the third quarter of fiscal 2022, with significant growth across key metrics.
Non-GAAP net income attributable to CrowdStrike increased from $70.4 million in the fourth quarter of fiscal 2022 to $111.6 million in the third quarter of fiscal 2022, marking a 58% year-over-year increase.
The company's ARR, a measure of its annual recurring revenue, grew by 34% year-over-year to reach $3.44 billion. This growth was driven by strong demand for CrowdStrike's cloud-based security solutions.
Total revenue for the third quarter of fiscal 2022 was $380.1 million, representing a 63% increase compared to $232.5 million in the third quarter of fiscal 2021.
Upcoming Earnings Report
CrowdStrike's Class A Common Stock is expected to report earnings on August 28, 2024, after the market close. The report will cover the fiscal quarter ending July 2024.
Investor Relations
For more information about CrowdStrike Holdings Inc. and its financial performance, please visit the company's Investor Relations website: https://investor.crowdstrike.com/.
This press release contains forward-looking statements that involve risks and uncertainties, including statements about the company's expected financial performance. Actual results could differ materially from those anticipated in these forward-looking statements.
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