CrowdStrike reported its quarterly performance at the end of October 2024, with Annual Recurring Revenue (ARR) increasing by 27% from the same period last year to $4.02 billion, surpassing the significant milestone of $4 billion for the first time. The company’s total revenue reached $1.010.2 billion, a 29% increase, driven by subscription revenue of $962.7 million, up by 31%. However, the company incurred a net loss of $16.8 million in the quarter according to GAAP accounting standards.
CrowdStrike has revised its full-year revenue forecast for this fiscal year to $3.92-3.93 billion, higher than the previous estimate of $3.89-3.90 billion, anticipating potential global impacts from the Windows Blue Screen incident.
Source: The Wall Street Journal and CrowdStrike
TLDR: CrowdStrike’s ARR increased by 27% to $4.02 billion in the last quarter, with total revenue reaching $1.010.2 billion and a net loss of $16.8 million. The company has adjusted its full-year revenue forecast to $3.92-3.93 billion due to potential global impacts from the recent Windows incident.
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