Investor Relations Presentation
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Strong ARR
Growth
Durable Industry
Tailwinds
Predictable
Business Model
Guidance
CyberArk at a Glance
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Grew ARR 42% Year-over-Year in Q1 2023*
Subscription ARR grew 84% Year-over-Year in Q1 2023*
Total Revenue Growth Accelerated To 27% Year-over-Year in Q1 2023
Digital Transformation, adoption of Zero Trust and attacker innovation driving durable
demand for identity security
Mission-critical nature of Identity Security makes it a Top Priority for CISOs
92% of Cybersecurity professionals consider Identity Security mission-critical, but
only 9% stated they have a comprehensive strategy in place**
Recurring Revenue Grew 37% Year-Over-Year in Q1 2023; 90% of Total
Revenue is Recurring Revenue
~1,400 customers with >$100k in ARR, up >40% Year-over-Year
Increased Full Year ARR Guidance
Normalizing for Headwind from Increased Subscription Bookings Mix, we are
effectively raising Total Revenue Guidance
*as of March 31, 2023
**Enterprise Strategy Group, "The Holistic Identity Security Maturity Model: Raising the Bar for Cyber Resilience," February 2023 by Jack Poller
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