CrowdStrike (NASDAQ: CRWD) today will be added to the S&P 500 Index, making CrowdStrike the fastest cybersecurity company to attain this achievement.
CrowdStrike's inclusion in the S&P 500 reflects its track record of industry leadership and innovation, transforming cybersecurity with AI through a single platform that stops breaches. CrowdStrike brought SaaS cybersecurity to the cloud, natively built the Falcon platform with AI from the start and has consistently delivered hyper growth results since its blockbuster 2019 IPO.
In Q3 FY2024, CrowdStrike achieved over $3 billion in Annual Recurring Revenue (ARR), making it the fastest and only pureplay cybersecurity software vendor in history to reach this milestone. In its most recently completed quarter, CrowdStrike delivered a record ending ARR of $3.65 billion, a 33 percent increase year-over-year. This growth at scale showcases how the industry-leading, AI and cloud-native CrowdStrike Falcon® platform is revolutionizing modern security – delivering best-in-class protection, category-creating innovations and cybersecurity consolidation.
Said CEO Marc Benioff, “Just as Salesforce created the SaaS model that revolutionized business operations, CrowdStrike has transformed how cybersecurity is delivered and experienced. CrowdStrike is a critical cybersecurity partner, allowing us to consolidate multiple products on the Falcon platform. CRM is Salesforce. Cybersecurity is CrowdStrike."
CRWD shares sagged 24 cents to $380.39.
