Content Assessment: Investing in Trust? CrowdStrike Reports 2Q FY23 Financial Results
Information - 93%
Insight - 94%
Relevance - 90%
Objectivity - 91%
Authority - 93%
A short percentage-based assessment of the qualitative benefit of the 2Q FY23 financial results from global cybersecurity leader, CrowdStrike.
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Background Note: The following announcement shares the 2Q FY2023 financial results for cybersecurity leader CrowdStrike and may be of interest to legal, business, and information technology professionals operating or investing in the cybersecurity, information governance, and eDiscovery ecosystems. Additionally, a recent post by Tomasz Tunguz, a venture capitalist with Redpoint, provides an interesting consideration that may be of relevance regarding the value of public software companies. The post, titled Growth is No Longer the Best Predictor of a Software Company’s Value, notes that profitability has surged as the most significant correlate and predictor of a public software company’s value. This revenue observation may also be of interest to individuals considering valuations in light of annual earnings results.
Press Announcement and Investor Presentation
CrowdStrike Reports Second Quarter Fiscal Year 2023 Financial Results
Market Release Quote
“CrowdStrike delivered a strong second quarter with new milestones across the business. Ending ARR surpassed the $2 billion milestone, net new ARR reached a record $218 million and net new subscription customers reached a record 1,741 in the quarter. As organizations respond to macroeconomic conditions, they are prioritizing investments and looking to standardize with a security partner they can trust to achieve better protection with less time, fewer resources and lower total cost of ownership. Our ability to deliver immediate ROI and consolidate the security and IT stack significantly sets us apart from the competition,” said George Kurtz, CrowdStrike’s co-founder and chief executive officer.
CRWD 2Q23 Earnings Press Release
About CrowdStrike Holdings
CrowdStrike Holdings, Inc. is a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and advanced artificial intelligence, the CrowdStrike Falcon® platform delivers better outcomes to customers through rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.
CrowdStrike Falcon leverages a single lightweight-agent architecture with integrated cloud modules spanning multiple security markets, including corporate workload security, managed security services, security and vulnerability management, IT operations management, threat intelligence services, identity protection and log management.
For more information, please visit: ir.crowdstrike.com
CRWD Investor Presentation August 2022
- Investments in eDiscovery (A Running Listing)
- An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments
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