CrowdStrike Reports Strong Financial Performance in Fourth Quarter and Fiscal Year 2024

Key Financial Highlights:

• Fourth-quarter non-GAAP net income: $1,116 million, up 58% year-over-year
• Full-year non-GAAP net income: $2,362 million, up 112% year-over-year
• Annual recurring revenue (ARR): $2.6 billion, up 43% year-over-year

Growth Drivers:

CrowdStrike's strong financial performance is attributed to:

• Continued demand for the company's cloud-delivered security platform
• Expansion into new markets and product offerings
• Effective customer acquisition and retention strategies

Outlook for Fiscal Second Quarter 2025:

CrowdStrike will announce its fiscal second-quarter 2025 results on August 28, 2024, at 2:00 PM PDT.

Analyst Estimates:

The Zacks Consensus Estimate for CrowdStrike's second-quarter fiscal 2025 non-GAAP earnings is 98 cents per share.

Conclusion:

CrowdStrike's strong financial performance in the fourth quarter and fiscal year 2024 reflects the company's continued leadership in the cybersecurity industry. With a growing ARR and a robust pipeline of new product offerings, CrowdStrike is well-positioned for continued success in the coming quarters and beyond.