OUR $CRWD POST-EARNING THOUGHTS

CrowdStrike just printed one of the cleanest enterprise software quarters this cycle. Revenue grew 22%, subscription revenue was up 21%, and non-GAAP EPS landed at $0.96. The headline that matters more than the print is net new ARR at $265M up 73% YoY, which pushed ending ARR to ~$4.9B with growth also re-accelerating to 23%. […]

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