Summary by Moomoo AI
On March 5, 2024, CrowdStrike Holdings, Inc. reported its financial results for the fiscal quarter ending January 31, 2024. The cybersecurity leader announced a 34% year-over-year growth in Annual Recurring Revenue (ARR), reaching $3.44 billion, with net new ARR growth accelerating to 27% year-over-year, achieving a record $282 million. The company also reported its fourth consecutive quarter of record GAAP and non-GAAP net income, alongside record operating and free cash flow. Total revenue for the quarter was $845.3 million, a 33% increase from the previous year, with subscription revenue at $795.9 million. GAAP income from operations was $29.7 million, compared to a loss of $61.5 million in the same quarter of the previous fiscal year. Non-GAAP income from operations was $213.1 million, a significant increase from $95.6 million. The...Show More