Press Release

CrowdStrike Listed on the S&P 500

Tue 25 Jun 2024

CrowdStrike has announced it will be added to the S&P 500 Index, making CrowdStrike the fastest cybersecurity company to attain this achievement.

CrowdStrike said its inclusion in the S&P 500 reflects its track record of industry leadership and innovation, transforming cybersecurity with artificial intelligence (AI) through a single platform that stops breaches.

CEO and Founder of CrowdStrike, George Kurtz, said CrowdStrike was founded on the belief that the future of security will be driven by AI and a cloud-native architecture that could collect data at scale.

“From day one, the CrowdStrike team has been steadfast in our mission to protect users and stop breaches. This mission endures, serving as our north star on the path to sustained impact today and well into our future,” added Kurtz.

CrowdStrike emphasised its development of a cloud-based SaaS cybersecurity solution, noting that the Falcon platform was designed with AI from the beginning. Since its 2019 IPO, the company has seen substantial growth.

“CrowdStrike is a critical cybersecurity partner, allowing us to consolidate multiple products on the Falcon platform. CRM is Salesforce. Cybersecurity is CrowdStrike,” said Marc Benioff, Chair and CEO at Salesforce.

In Q3 FY2024, CrowdStrike reported over £2.3 billion ($3 billion) in Annual Recurring Revenue (ARR), becoming the first pure-play cybersecurity software vendor to reach this milestone so quickly.

In the most recent quarter, CrowdStrike achieved a record ARR of £2.8 billion ($3.65 billion), a 33% increase year-over-year. This growth highlights the impact of the AI and cloud-native CrowdStrike Falcon® platform on modern security, offering high-level protection, innovative solutions, and cybersecurity consolidation.

“CrowdStrike is a trusted AWS customer and partner, and we have a long history of working together to secure sensitive data and workloads for the world’s most innovative and highly regulated organizations, from startups to enterprises to governments,” said Matt Garman, CEO at AWS.

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