1/11/2024 0 Comments Crowdstrike falcon eventI remain impressed with CrowdStrike's ability to keep cross-selling clients on additional software modules. Gross margins have climbed by more than 20 percentage points in the five years ended in fiscal 2023, and subscription gross margin clocked in at 80% in the first half of fiscal 2024. CrowdStrike's last five years' total revenue compound annual growth rate, or CAGR, is 69%.Īs CrowdStrike has grown, it also has become more efficient. Many high-growth companies are finding it challenging to maintain high revenue growth, but CrowdStrike has been able to deliver growth near 40% consistently since its Initial Public Offering. Very impressive, and even more so in these challenging times. So, 37% revenue growth + 31% FCF margin means CrowdStrike scores 68% on the Rule of 40. ![]() It's a good measure stick for high-growth companies, especially in SaaS - Software as a Service. The Rule of 40 is a principle that states a company's combined revenue growth rate and profit should equal or exceed 40%. If you divide FCF by revenue, 227.4/731.6, you get a 31% FCF margin. If you look at free cash flow (shortened to FCF from now on) you see $227.4 million, compared to $157.5 million in the comparable quarter last year, so it's up 44.4%. ARR or Annual Recurring Revenue came in at $2.93 billion, which means it was up 14 times in just five years. CrowdStrike is one of the companies that have a fiscal year one year ahead of the calendar.ĬrowdStrike reported total revenue of $731.6 million, a 37% increase year over year. Let's start by looking back at CrowdStrike's Q2 2024 results. On the other hand, there are up can coming companies like SentinelOne ( S) and Bitdefender. One of the traits of CrowdStrike that Forrester recognized is the fact that CrowdStrike emphasizes preventing attacks from happening in the first place rather than cleaning up after a breach has occurred.Īt the same time, you can see on the graph that this is a crowded space (pun not intended), with powerful players like Microsoft ( MSFT), Palo Alto Networks ( PANW) and Broadcom ( AVGO). CrowdStrikeĬrowdStrike ( NASDAQ: CRWD ) is a well-known cybersecurity player and one that's a leader in its space. The websites of the Belgian Prime Minister, the Federal Parliament and the Royal Palace were cyberattacked by pro-Russian hackers, for example, probably as a reaction to the visit to Belgium of the Ukrainian leader Volodymyr Zelensky and the Belgian decision to deliver F-16 fighter jets to Ukraine. MGM suffered a security and data breach, and the company expects a $100 million hit from the incident.Īdditionally, nation-state attacks are attempting to attack critical infrastructure in Western governments. The recent high-profile breaches and geopolitical events have put all cyber security stocks in the middle of the attention. Two different events occur with CSAM simultaneously. ![]() Is it just a coincidence? Who knows? But it's definitely not the only reason. Interestingly, cyber security stocks are going up. October is celebrated as Cyber Security Awareness Month, known as CSAM.
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