CrowdStrike Nearly Doubles Subscription Revenue and ARR in Q3 FY2020
A strong statement about the growing need for cybersecurity
CrowdStrike Holdings, Inc. is moving into the fourth quarter of its fiscal year 2020 on a strong note, nearly doubling subscription revenue and annualized recurring revenue during the third quarter for the period ended October 31, 2019. The company reported subscription revenue of $114.2 million, a 98% increase over the same period last year. The company also saw significant growth in annualized recurring revenue, reporting $501.7 million, a 97% increase year-over-year, and it set a record for net new ARR of $77.9 million, a 32% increase.
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