Revenues from CRWD's SEC Prospectus

Investment Analysis Clubs Saul’s Investing Discussions
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Let’s hope this comes out better than my last attempt at posting a table on another subject. I owe thanks to CMF_muji for the link to proper posting; but any mistakes are purely my own.

		             Year Ended January 31														
		2017		2018		2019												
Revenue																
Subscription	37,895		92,568		219,401
							
Professional 	30,423		14,850		 26,184				
services				
	
Total 		52,745		118,752		249,824			
revenue
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Seeing it in this table makes it look more compelling. Subscription revenue is growing fast and growth does not seem to be falling off. M

I just don’t know their advantage over other cloud based endpoint systems. Having the biggest “crowdsource” may be an advantage

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12x, I’m listening to a long,rambling podcast from SA where they they raise some of your concerns.
(https://seekingalpha.com/article/4272947-crowdstrike-crowded…where)

Here are some of my takeaways.

  1. One negative they noted was the high S&G cost compared to R&D.
  2. But they really liked its high (140%) net retention rate.
  3. Said Bert of SA gave it a “bullish” review at the IPO (I have not seen that review so can’t comment further. See below for some of his public comments.
  4. Commented that Gartner gave CRWD a very high rating for customer/employee satisfaction.
  5. They just were uncertain whether the company has moat capabilities. They were honest in expressing their ignorance. Perhaps Bert would have a more receptive view.

Here’s what Bert wrote on comments available to the public: (https://seekingalpha.com/article/4272947-crowdstrike-crowded…

“Summary
CrowdStrike is planning its IPO for 6/12/19.
The current estimated share price has been increased to $30 which will give the company a market capitalization of $6 billion.
The shares will almost inevitably trade higher-and perhaps much higher.
The company is experiencing one of the more rapid growth rates to be seen in the cyber-security space, with growth actually greater than that of Zscaler.
The company has built a new paradigm-a new way of providing end-point security that is likely to replace the solutions offered by McAfee and Symantec over time.”

Earlier, Jim posted that MF has a podcast comparing CRWD to ZS, but I could not find it. Anyone have a link?

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