Description
Underpinned by an urgent need for a more secure digital landscape, CyberArk Software has emerged with a wholesome performance in the fourth quarter of the fiscal year 2023. An impressive 60% YoY growth of Subscription ARR has led CyberArk to become an exclusively recurring revenue company, with an astounding 95% of total bookings coming via subscriptions. CyberArk marked the close of 2023 by bolstering its market leadership in the realm of Identity Security
Platforms with a robust growth quarter. Particularly remarkable were the record-breaking achievements in the fourth quarter— a total ARR sum of $774 million, marking a 36% YoY growth, and a total revenue of $223 million, a growth of 32% YoY. This performance has made the company well-positioned to drive greater operational efficiency, and hence, better security for customers from all walks of life.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
Want unlimited access to our reports? Purchase our $99 annual subscription!
