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CrowdStrike’s OpenAI & Anthropic Wins: Is This The Next Big AI Security Story?

CrowdStrike Holdings, Inc. reported strong financial and operational results for the first quarter of fiscal year 2027, reflecting continued growth fueled by increasing demand for cybersecurity amid rising AI adoption. The company delivered record quarterly net new annual recurring revenue (ARR) of $256 million, marking a 32% year-over-year increase and surpassing the high end of guidance. Ending ARR reached $5.51 billion, accelerating to more than 24% growth, while total revenue was $1.39 billion, up 26% year-over-year. These results represent the fourth consecutive quarter of accelerating revenue growth. Additionally, CrowdStrike achieved an all-time record free cash flow of $468 million, equating to 34% of revenue, and a record operating income of $326 million or 24% of revenue, which improved 62% year-over-year and exceeded expectations. A notable development is the company’s strengthened position as a critical player securing AI infrastructure.