Press release
CrowdStrike Reports Fourth Quarter and Fiscal Year 2022 Financial Results
Milestone quarter combines strong growth at scale with record cash flow Achieves record net new ARR of $217 million with growth accelerating for the second
About this update from Crowdstrike Holdings, Inc.
[{"type":"text","content":"\nMilestone quarter combines strong growth at scale with record cash flow\n\n\nAchieves record net new ARR of $217 million with growth accelerating for the second consecutive quarter\n\n\nEnding ARR grows 65% year-over-year to exceed $1.7 billion\n\n\nDelivers record operating and free cash flow for the second consecutive quarter, bringing operating and free cash flow for the fiscal year to a record $575 million and $442 million, respectively\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nCrowdStrike Holdings, Inc. (Nasdaq: CRWD), a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced financial results for the fourth quarter and fiscal year 2022, ended January 31, 2022.\n\n\"CrowdStrike once again delivered an exceptional fourth quarter and capped off a record year, achieving new milestones across both the top and bottom line. Net new ARR of $217 million in the quarter was a new all-time high, driven by expansion of our leadership in the core endpoint market as well as a record quarter for cloud, identity protection and Humio. As our record results, growing scale and module adoption rates demonstrate, customers are increasingly leveraging the breadth and depth of the Falcon platform as they look to transform their security stack,” said George Kurtz, CrowdStrike’s co-founder and chief executive officer.\n\n\"The robust top-line growth and exceptional leverage we generated this year demonstrates the efficiency in our model and enables us to step-up investments in new technologies and international geographies. Our durable platform model and powerful innovation engine have translated into a truly differentiated offering in the market and strong momentum heading into fiscal year 2023. As we continue to capitalize on our unique market position, we firmly believe CrowdStrike's best days are ahead,” said Burt Podbere, CrowdStrike’s chief financial officer.\n\nFourth Quarter Fiscal 2022 Financial Highlights\n\n\nRevenue: Total revenue was $431.0 million, a 63% increase, compared to $264.9 million in the fourth quarter of fiscal 2021. Subscription revenue was $405.4 million, a 66% increase, compared to $244.7 million in the fourth quarter of fiscal 2021.\n\n\n\nAnnual Recurring Revenue (ARR) increased 65% year-over-year and grew to $1.73 billion as of January 31, ...