CrowdStrike Holdings, Inc. NASDAQ: CRWD is among the top players in the cybersecurity sector, a tech industry subsector. CrowdStrike's earnings were released for the first quarter of fiscal year 2025, highlighting the company's strategic focus on platform consolidation and AI-powered solutions. These strategic initiatives are driving significant growth and solidifying CrowdStrike's position as a dominant force in the evolving cybersecurity landscape. Get CrowdStrike alerts: CrowdStrike's Earnings Reflect St ...

CrowdStrike Holdings, Inc.'s (CRWD) shares jumped 7% during Tuesday's extended trading session after the cloud-based cybersecurity solution provider reported better-than-expected first-quarter fiscal 2025 results. Both revenues and earnings witnessed a significant improvement on a year-over-year basis as well. CrowdStrike's fiscal first-quarter non-GAAP earnings increased to 93 cents per share from the year-ago quarter's 57 cents. Quarterly earnings also surpassed the Zacks Consensus Estimate of 89 cents an ...

CRWD is poised to snap a four-day losing streak today and sports a 24.3% year-to-date lead. The shares are poised for the best single-session pop since a March 6 post-earnings pop sent CRWD to a record high of $365.00. The stock is bouncing off a pullback to its 120-day moving average, which stepped up as support during last week's 10.8% drawdown. CRWD is attracting a mix of price-target cuts and hikes this morning, with Canaccord Genuity seeing strong top-line growth and lifting its price objective to $405 ...

Key Takeaways Amid the stock's expected earnings-driven rally on Wednesday, investors should monitor the $338 level, an area on the chart where the price may face selling pressure near the trading range's top trendline. A volume-backed breakout above this level would invalidate the bull trap signal and likely see the shares continue their longer- term uptrend. Shares in cybersecurity software maker CrowdStrike (CRWD) surged nearly 7% in Tuesday's extended-trading session after the company exceeded analysts' ...

Revenue and Financial Performance - Annual Recurring Revenue (ARR) reached $3.6 billion as of April 30, 2024, with $211.7 million in net new ARR added for the three months ended April 30, 2024, compared to $2.7 billion and $174.2 million for the same period in 2023 [119]. - Total revenue for the three months ended April 30, 2024, was $921.036 million, a significant increase from $692.580 million in the same period of 2023 [128]. - Subscription revenue reached $872.172 million, up 33.9% compared to $651.175 million in the prior year [167]. - The company reported a net income of $46.264 million for the three months ended April 30, 2024, compared to a net loss in the previous year [149]. - Net income for the three months ended April 30, 2024, was $46,264,000, a significant increase from $499,000 in the same period last year [152]. - Net income attributable to CrowdStrike for the quarter was $42.820 million, a significant increase from $491 thousand in the same quarter of 2023 [167]. - The company reported a net income per share of $0.18 for basic shares and $0.17 for diluted shares, compared to $0.00 in the previous year [167]. - The company recognized revenue of $792.2 million for the three months ended April 30, 2024, compared to $596.4 million for the same period in 2023 [299]. Expenses and Profitability - Sales and marketing expenses include significant costs related to employee compensation and marketing events, impacting overall profitability [135]. - Stock-based compensation expense increased to $183,125,000 from $130,856,000, reflecting a rise of about 39.9% [152]. - The total stock-based compensation expense for the three months ended April 30, 2024 was $183.1 million, compared to $130.9 million for the same period in 2023 [255]. Cash Flow and Assets - Net cash provided by operating activities increased to $383,228,000, compared to $300,892,000 for the same period in 2023, reflecting a growth of approximately 27.3% [152]. - Total cash, cash equivalents, and restricted cash at the end of the period reached $3,705,292,000, up from $2,831,565,000 year-over-year, representing a growth of about 30.8% [152]. - The company experienced a net increase in cash of $327,695,000 during the period, compared to $374,641,000 in the previous year [152]. - Total current assets increased to $4.841 billion from $4.757 billion as of January 31, 2024 [165]. - Total assets as of April 30, 2024, were $6.842 billion, up from $6.647 billion at the end of January 2024 [165]. - Total liabilities decreased to $4.273 billion from $4.309 billion as of January 31, 2024 [165]. - The company’s accumulated deficit improved to $(1.016) billion from $(1.059) billion in the previous quarter [165]. - Total stockholders' equity increased to $2.569 billion from $2.337 billion as of January 31, 2024 [165]. Acquisitions and Strategic Investments - Business acquisitions net of cash acquired amounted to $96,376,000, indicating ongoing strategic expansion efforts [152]. - The Company acquired Bionic Stork, Ltd. for a total consideration of $96.4 million, including $96.4 million in cash and $0.5 million in replacement equity awards [281]. - The acquisition of Flow Security resulted in $84.0 million of goodwill, primarily due to the assembled workforce and expected synergies from integration [281]. - The company acquired 100% of the equity interest of Flow Security Ltd., enhancing its data security solutions [305]. Market and Customer Insights - The United States accounted for 68% of total revenue in Q1 2024, while Europe, the Middle East, and Africa contributed 15%, and Asia Pacific contributed 10% [128]. - The dollar-based net retention rate remained consistent as of April 30, 2024, indicating stable customer spending patterns [298]. - The company’s go-to-market strategy focuses on acquiring new customers, which is critical for future revenue growth [295]. - The company’s Falcon platform is designed to cater to organizations of all sizes, expanding its market reach significantly [293]. Risks and Compliance - The company continues to face risks related to cybersecurity threats, which could adversely affect its reputation and financial results [121]. - The Company was in compliance with all financial covenants under the Indenture associated with the Senior Notes as of April 30, 2024 [242]. Stock and Employee Engagement - The Employee Stock Purchase Plan (ESPP) allows employees to purchase shares at a discount, enhancing employee engagement and retention [127]. - Employee payroll contributions for the Employee Stock Purchase Plan (ESPP) totaled $50.0 million as of April 30, 2024, up from $22.3 million as of January 31, 2024 [271]. - Total unrecognized stock-based compensation expense related to unvested RSUs was $1.7 billion as of April 30, 2024, expected to be amortized over a weighted-average vesting period of 2.8 years [268]. - Total unrecognized stock-based compensation expense related to unvested PSUs was $167.8 million as of April 30, 2024, expected to be amortized over a weighted-average vesting period of 1.5 years [250].

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Q1 2025 Earnings Conference Call June 4, 2024 5:00 PM ET Company Participants Maria Riley - Vice President of Investor Relations George Kurtz - President, Chief Executive Officer and Co-Founder Burt Podbere - Chief Financial Officer Conference Call Participants Andrew Nowinski - Wells Fargo Saket Kalia - Barclays Brian Essex - JPMorgan Tal Liani - Bank of America Hamza Fodderwala - Morgan Stanley Matthew Hedberg - RBC Capital Markets Fatima Boolani - Citi Gabriela Bo ...

CrowdStrike Holdings (CRWD) reported $921.04 million in revenue for the quarter ended April 2024, representing a year-over-year increase of 33%. EPS of $0.93 for the same period compares to $0.57 a year ago. The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $904.82 million. With the consensus EPS estimate being $0.89, the EPS surprise was +4.49%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

CrowdStrike Holdings (CRWD) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.49%. A quarter ago, it was expected that this cloudbased security company would post earnings of $0.82 per share when it actually produced earnings of $0.95, delivering a surprise of 15.85%. Over the last f ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Financial Performance - Annual Recurring Revenue (ARR) grew 33% year-over-year to $3.65 billion, with net new ARR of $212 million, representing a 22% increase year-over-year[3] - Total revenue for the three months ended April 30, 2024, was $921.0 million, compared to $692.6 million for the same period in 2023, reflecting a significant year-over-year growth[7] - Total revenue for the first quarter of fiscal year 2025 was $921.0 million, a 33% increase compared to $692.6 million in the same period last year[21] - Subscription revenue reached $872.2 million, reflecting a 34% increase from $651.2 million in the first quarter of fiscal 2024[21] - GAAP net income attributable to CrowdStrike was $42.8 million, compared to $0.5 million in the first quarter of fiscal 2024, with diluted GAAP net income per share of $0.17[4] - Non-GAAP net income attributable to CrowdStrike was $231.7 million, up from $136.4 million in the first quarter of fiscal 2024, with diluted non-GAAP net income per share of $0.93[4] - GAAP income from operations was $6.9 million, a significant improvement from a loss of $19.5 million in the first quarter of fiscal 2024[22] - Non-GAAP income from operations was $198.7 million, up from $115.9 million in the same quarter last year[22] - Net income attributable to CrowdStrike was $42.8 million, compared to $491,000 in the first quarter of fiscal 2024[32] - Cash and cash equivalents totaled $3.70 billion as of April 30, 2024[23] Cash Flow and Margins - Record free cash flow of $322 million, representing 35% of revenue, showcasing the company's focus on profitably scaling the business[3] - Free cash flow for Q1 FY2025 was $322.5 million, an increase from $227.4 million in Q1 FY2024, reflecting a 41.8% year-over-year growth[60] - Delivered record operating cash flow of $383 million, compared to $300.9 million in Q1 fiscal 2024[71] - GAAP net cash provided by operating activities for Q1 FY2025 was $383.2 million, up from $300.9 million in Q1 FY2024[60] - Free cash flow margin for Q1 FY2025 was 35%, compared to 33% in Q1 FY2024[60] Expenses and Compensation - Operating expenses increased to $689.1 million, up from $542.8 million in the prior year, driven by higher sales and marketing costs[32] - Total stock-based compensation expense increased to $183.1 million from $130.9 million year-over-year[1] - Research and development operating expenses as a percentage of revenue were 26%, consistent with the previous year[9] - General and administrative operating expenses as a percentage of revenue decreased to 11% from 12% year-over-year[9] Future Guidance - Total revenue guidance for Q2 FY2025 is projected to be between $958.3 million and $961.2 million, with full-year guidance set between $3,976.3 million and $4,010.7 million[45] - Non-GAAP income from operations for Q2 FY2025 is expected to be between $208.3 million and $210.5 million, with full-year guidance between $890.1 million and $916.5 million[45] - Non-GAAP net income attributable to CrowdStrike for Q2 FY2025 is projected to be between $245.7 million and $247.8 million, with full-year guidance between $985.6 million and $1,012.0 million[45] Product Development and Partnerships - The company launched Falcon Next-Gen SIEM, enhancing its capabilities in the cybersecurity market[24] - Announced general availability of Falcon Application Security Posture Management as part of Falcon Cloud Security[73] - Expanded partnership with Amazon Web Services to enhance cybersecurity consolidation[74] - Launched Falcon for Defender to augment Microsoft Defender deployments[74] - Announced strategic collaboration with NVIDIA to deliver AI computing services on the Falcon XDR platform[75] Market Recognition and Adoption - CrowdStrike was recognized as a leader in multiple industry reports, including The Forrester Wave™ and IDC MarketScape for 2024[42] - Module adoption rates were 65% for five or more modules as of April 30, 2024[72] Deferred Revenue - Deferred revenue decreased to $15.0 million from $48.7 million in the previous year, indicating changes in customer contracts[10]