CrowdStrike (NASDAQ:CRWD) shares climbed after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
Total revenue was $637.4 million, a 48% increase, compared to $431.0 million in the fourth quarter of fiscal 2022. Subscription revenue was $598.3 million, a 48% increase, compared to $405.4 million in the fourth quarter of fiscal 2022.
GAAP loss from operations was $61.5 million, compared to $23.5 million in the fourth quarter of fiscal 2022. Non-GAAP income from operations was $95.6 million, compared to $80.4 million in the fourth quarter of fiscal 2022.
Said CEO George Kurtz, “CrowdStrike delivered a record fourth quarter that exceeded our expectations across the board,” said George Kurtz, CrowdStrike’s president, chief executive officer and co-founder. “Highlights of the quarter included record net new ARR of $222 million, record net new subscription customers of 1,873, record operating and free cash flow and a rule of 81 on a free cash flow basis. CrowdStrike’s growing market share showcases customers' recognition of the Falcon platform’s technology leadership and advanced AI that drives better security outcomes, consolidation and lower TCO.”
CRWD shares $8.73, or 7%, to $133.66.
Tech Insider
