Crowdstrike Holdings Inc (NASDAQ:CRWD) stock rose 12.88% (As on Mar 10, 11:11:09 AM UTC-4, Source: Google Finance) after the company beaten the Wall Street’s estimates for the fourth quarter of FY 22 and gave upbeat forecast for the first-quarter and full-year 2023. Subscription revenue was $405.4 million, a 66% increase, compared to $244.7 million a year ago. Non-GAAP subscription gross margin was 79%, compared to 80% in the fourth quarter of fiscal 2021. Annual Recurring Revenue (ARR) increased 65% year-over-year and grew to $1.73 billion as of January 31, 2022, of which $216.9 million was net new ARR added in the quarter. The company has reported Non-GAAP net income of $70.4 million, compared to $31.6 million in the fourth quarter of fiscal 2021. The company posted Non-GAAP income from operations of $80.4 million, compared to $34.4 million in the fourth quarter of fiscal 2021. Net cash generated from operations was $159.7 million, compared to $114.5 million in the fourth quarter of fiscal 2021. Free cash flow was $127.3 million, compared to $97.4 million in the fourth quarter of fiscal 2021. Cash and Cash Equivalents was $2.00 billion as of January 31, 2022.

Moreover, the company has added 1,638 net new subscription customers in the quarter for a total of 16,325 subscription customers as of January 31, 2022, representing 65% growth year-over-year. CrowdStrike’s subscription customers that have adopted four or more modules, five or more modules and six or more modules increased to 69%, 57%, and 34%, respectively, as of January 31, 2022.

CRWD in the fourth quarter of FY 22 has reported the adjusted earnings per share of 30 cents, beating the analysts’ estimates for the adjusted earnings per share of 20 cents, according to analysts polled by Thomson Reuters. The company had reported the adjusted revenue growth of 63 percent to $431 million in the fourth quarter of FY 22, beating the analysts’ estimates for revenue of $410.91 million.

For the first quarter, the company expects adjusted earnings of $0.22 to $0.24 per share and revenues of $458.9 million to $465.4 million. Analysts currently estimate earnings of $0.17 per share on revenues of $440.76 million.

For the full year 2023, the company expects earnings of $1.03 to $1.13 per share on revenues of $2.13 billion to $2.16 billion. Analysts currently estimate earnings of $0.91 per share on revenues of $2.01 billion.