CrowdStrike is seeing a solid performance from its newer products across cloud security, identity protection and log management. In fiscal Q2, cloud security had record net new ARR and scored a record number of new customer wins. There were multiple seven-figure cloud expansions with Fortune 500 companies. Total ARR for Falcon modules deployed in the public cloud rose 70% to $296 million.
At the Morgan Stanley TMT Conference earlier this year, CrowdStrike CEO George Kurtz explained where the company’s Identity Protection module fits within the overall identity landscape. The product does not compete with solutions from Okta , which manages multiple identities for users and controls access. Instead, CrowdStrike operates in the identity protection segment, offering threat detection and prevention.
In log management, CrowdStrike’s LogScale is another standout new offering. The number of LogScale customers is up more than 3x year over year. In fiscal Q2, total ARR for LogScale rose more than 200% year over year. CrowdStrike management expects LogScale to reach the $100 million ARR milestone in the current quarter.
CrowdStrike’s new Dell reseller partnership is steadily gaining momentum. CrowdStrike is shipping “on box” with Dell. Dell sales reps are selling CrowdStrike Falcon subscriptions as if they were a Dell product. CrowdStrike CFO Burt Podbere previously said he thinks the arrangement “could be a meaningful part of our net new ARR in years to come.”
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