CRWD Earnings: A Snapshot of CrowdStrike’s Q4 2023 Report

Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD) reported higher adjusted earnings and earnings in the fourth quarter of 2023.

Fourth-quarter net income, excluding special items, increased to $0.47 from $0.30 a year ago. On an unadjusted basis, the company posted a net loss of $47.5 million, or $0.20 per share, compared with a loss of $41.9 million, or $0.18 per share, in the fourth quarter of 2022.

The strong performance on an adjusted basis reflected fourth quarter revenue growth of 48% to $637.4 million, reflecting strong contributions from Core. subscription Split.

check this space Read management/analyst comments on the quarterly report

Burt Podbere, CrowdStrike Chief Financial Officer, said: To capture the huge opportunities ahead for CrowdStrike, we will continue to focus on increasing operating leverage while continuing our thoughtful and disciplined strategic approach to investing in innovation and increasing market share. ”

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