Crowdstrike Investor Day Presentation Deck
APPENDIX (CONT'D)
Reports used for data shown in the charts titled "Cloud Workloads are Under Protected" and "The Cloud Security Opportunity":
International Data Corporation, Semiannual Public Cloud Services: 2019H2 Forecast Release, May 2020
International Data Corporation, Market Forecast - Hybrid Cloud Workload Security Forecast, 2020-2024: Inhibited Growth Is the Reality of COVID-19, July 2020.
CSO Online, How Much Should You Spend on Security?, August 2019
The company's estimate of cloud security spend as a percentage of IT spend is intended to be an illustrative example of the potential market opportunity if cloud workloads were to
be fully secured in the future. This figure is based on IDC's recommended range as well as observed historical spending ratios for traditional security spend.
EXPLANATION OF NON-GAAP FINANCIAL MEASURES
Non-GAAP Subscription Gross Profit and Non-GAAP Subscription Gross Margin
We define non-GAAP subscription gross profit and non-GAAP subscription gross margin as GAAP subscription gross profit and GAAP subscription gross margin, respectively, excluding
stock-based compensation expense and amortization of acquired intangible assets. We believe non-GAAP subscription gross profit and non-GAAP subscription gross margin provide
our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these measures
eliminate the effects of certain variables unrelated to our overall operating performance.
Non-GAAP Income (Loss) from Operations
We define non-GAAP income (loss) from operations as GAAP loss from operations excluding stock-based compensation expense, amortization of acquired intangible assets, including
purchased patents, acquisition-related expenses and legal reserve and settlement charges or benefits. We believe non-GAAP income (loss) from operations provides our management
and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as this metric generally eliminates the
effects of certain variables unrelated to our overall operating performance.
Non-GAAP Net Income (Loss) Attributable to CrowdStrike
We define non-GAAP net income (loss) attributable to CrowdStrike as GAAP net loss attributable to CrowdStrike excluding stock-based compensation expense, amortization of
acquired intangible assets, including purchased patents, acquisition-related expenses, amortization of debt issuance costs and discount, gain on strategic investments, legal reserve
and settlement charges or benefits and the tax costs for intellectual property integration relating to the Humio acquisition. We believe non-GAAP net income (loss) attributable to
CrowdStrike provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons, as this metric
generally eliminates the effects of certain variables unrelated to our overall performance.
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