CrowdStrike Reports Exceptional Fourth Quarter and Fiscal Year 2020 Financial Results
Summary of Key Financial Highlights
- Net new ARR growth exceeded expectations.
- Exemplary fourth quarter and record-breaking fiscal year.
- First quarter results surpassed guided metrics, achieving new financial milestones.
- Third quarter results surpassed company expectations, marking their strongest quarter to date.
- The 2024 CrowdStrike Global Threat Report indicated a significant increase in adversaries.
Overview of CrowdStrike's Performance
CrowdStrike Holdings Inc. (NASDAQ: CRWD), a leading provider of cloud-delivered endpoint and workload protection, has released its fourth quarter and fiscal year 2020 financial results. The company exceeded expectations in both its fourth quarter and fiscal year, demonstrating strong financial performance and continued growth
Financial Highlights
In the fourth quarter of 2020, CrowdStrike reported net revenue of $202.2 million, representing a 53% year-over-year increase. Subscription revenue, which accounts for the majority of CrowdStrike's revenue, grew 53% year-over-year to $193.8 million.
For the full fiscal year 2020, CrowdStrike reported net revenue of $745.4 million, an increase of 48% from the previous fiscal year. Subscription revenue for the fiscal year totaled $706.5 million, representing a 49% increase from fiscal year 2019.
Outlook and Guidance
Looking ahead, CrowdStrike expects to continue its strong growth trajectory in fiscal year 2021. The company has provided the following guidance for the first quarter of fiscal year 2021:
- Revenue in the range of $193.5 million to $196.5 million
- Non-GAAP net income per share in the range of $0.23 to $0.25
Source: CrowdStrike Reports Fourth Quarter and Fiscal Year 2020 Financial Results
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