Press release
CrowdStrike Reports Third Quarter Fiscal Year 2022 Financial Results
Net new ARR growth accelerates Ending ARR grows 67% year-over-year to surpass $1.5 billion Adds over 1,600 net new subscription customers for the second
About this update from Crowdstrike Holdings, Inc.
[{"type":"text","content":"\n\nNet new ARR growth accelerates\n\n\nEnding ARR grows 67% year-over-year to surpass $1.5 billion\n\n\nAdds over 1,600 net new subscription customers for the second consecutive quarter\n\n\nDelivers record operating and free cash flow\n\n\n SUNNYVALE, Calif.--(BUSINESS WIRE)--\nCrowdStrike Holdings, Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint and workload protection, today announced financial results for the third quarter fiscal year 2022, ended October 31, 2021.\n\n\"CrowdStrike delivered a robust third quarter with broad-based strength across multiple areas of the business leading to net new ARR growth accelerating and ending ARR growing 67% year-over-year to surpass the $1.5 billion milestone. Our outstanding results this quarter demonstrate the flywheel effect of our platform and reflect continued strong customer adoption for our core products in addition to the growing success of our newer product initiatives including identity protection, log management and cloud. With our leading technology, unmatched platform and approach to stopping breaches, we continue to eclipse our competitors and extend our leadership position,\" said George Kurtz, CrowdStrike’s co-founder and chief executive officer.\n\nCommenting on the company's financial results, Burt Podbere, CrowdStrike’s chief financial officer, added, “CrowdStrike once again delivered exceptional results, maintained very high unit economics, drove leverage and generated strong operating and free cash flow as we expanded our leadership across the market from large enterprises to small businesses. Given the growth drivers of our business, as well as our exceptional third quarter performance and momentum into the fourth quarter, we are once again raising our guidance for the fiscal year 2022.”\n\nThird Quarter Fiscal 2022 Financial Highlights\n\n\nRevenue: Total revenue was $380.1 million, a 63% increase, compared to $232.5 million in the third quarter of fiscal 2021. Subscription revenue was $357.0 million, a 67% increase, compared to $213.5 million in the third quarter of fiscal 2021.\n\n\nAnnual Recurring Revenue (ARR) increased 67% year-over-year and grew to $1.51 billion as of October 31, 2021, of which $170.0 million was net new ARR added in the quarter. Net new ARR year-over-year growth accelerated to 46% on an as reported basis and 55% on an organic bas...