CrowdStrike Reports Record Year and Sets the Standard for Next-Gen MDR

CrowdStrike's Falcon Complete Next-Gen MDR Sets the New Standard for Managed Detection and Response

CrowdStrike's Fourth Quarter and Fiscal Year 2023 Financial Results Show Strong Growth and Innovation

Sunnyvale, Calif. – March 8, 2023 – CrowdStrike (Nasdaq: CRWD), a leader in cloud-delivered endpoint and workload protection, today announced record financial results for the fourth quarter and fiscal year 2023, demonstrating strong growth and continued innovation in the cybersecurity market.

Key Financial Highlights:

• Annual recurring revenue (ARR) grew 34% year-over-year to reach $2.344 billion.
• Net new ARR growth accelerated to 38% year-over-year.
• Total revenue for the year was $2.503 billion, an increase of 45% year-over-year.
• Net income was $464.2 million, or $1.08 per diluted share.

“CrowdStrike’s strong financial results reflect the increasing demand for our cloud-delivered security solutions,” said George Kurtz, CrowdStrike’s co-founder and CEO. “Our Falcon Complete Next-Gen MDR service sets the new standard for managed detection and response, and we continue to innovate and invest in our platform to meet the evolving needs of our customers.”

Product Innovation and Market Leadership:

CrowdStrike’s Falcon platform is the most widely adopted cloud-native endpoint and workload protection solution in the world, protecting over 20,000 customers across all major industries.

In 2023, CrowdStrike introduced several new products and enhancements to its platform, including:

• Falcon Complete Next-Gen MDR: A fully managed detection and response service that combines CrowdStrike’s industry-leading technology with a team of expert analysts.
• Falcon Horizon: A cloud-native asset inventory and management solution that provides real-time visibility into all assets in an organization’s environment.
• Falcon XDR: A comprehensive extended detection and response solution that integrates data from endpoints, workloads, and the cloud to provide a complete view of an organization’s security posture.

CrowdStrike’s commitment to innovation and customer success has been recognized by leading industry analysts. In 2023, CrowdStrike was named a Leader in the IDC MarketScape for Worldwide Endpoint Security Software 2023 Vendor Assessment.