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Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD ) reported higher revenue and profit for the fourth quarter of 2023.
Fourth-quarter net income, excluding special items, rose to $0.47 per share from $0.30 per share a year ago. On an unadjusted basis, the net loss was $47.5 million or $0.20 per share, compared to a loss of $41.9 million or $0.18 per share in the fourth quarter of 2022.
The positive earnings performance, on an adjusted basis, reflected a 48% increase in fourth-quarter revenue to $637.4 million, with strong contributions from the core. Subscription division.
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CrowdStrike chief financial officer Burt Podbere said, “CrowdStrike delivered an outstanding fourth quarter and completed the year. We remain focused on increasing operating leverage while continuing our prudent, disciplined and strategic approach to investing in innovation and market share expansion to seize opportunities big things we see ahead for CrowdStrike.
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