CrowdStrike Holdings Inc. shares exploded 24% higher in Tuesday’s extended session after the cybersecurity company delivered an upbeat forecast on top of its better-than-expected quarterly results. For the fiscal first quarter, CrowdStrike CRWD, -5.18% models $902.2 million to $905.8 million in total revenue, along with 89 cents to 90 cents in adjusted earnings per share. Analysts tracked by FactSet were looking for $900 million and 82 cents, respectively.Looking to the full fiscal year, CrowdStrike’s manag ...

CrowdStrike Holdings (CRWD) reported $845.34 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 32.6%. EPS of $0.95 for the same period compares to $0.47 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $839.08 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +15.85%, with the consensus EPS estimate being $0.82.While investors scrutinize revenue and earnings changes year-over-year and how they compar ...

CrowdStrike Holdings (CRWD) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.85%. A quarter ago, it was expected that this cloud-based security company would post earnings of $0.74 per share when it actually produced earnings of $0.82, delivering a surprise of 10.81%.Over the last f ...

George Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017.CrowdStrike shares surged as much as 17% in after-hours trading Tuesday, after the company reported a beat on the top and bottom lines, and issued stronger than expected guidance for the upcoming quarter and full year.Here's how the company did, compared to LSEG, formerly Refinitiv, consensus estimates:Earnings per share: 95 cents adjusted versu ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >CrowdStrike Holdings Inc is trading up in extended hours on Tuesday after reporting better-than-expected earnings for its fiscal Q4.This is a developing story. Figures missing below will be updated as received! CrowdStrike stock climbs on upbeat guidanceCopy link to sectionThe stock is being rewarded also because $CRWD issued encouraging guidance for the future. The cybersecurity technology company now forecasts its revenue to fall b ...

AUSTIN, Texas--(BUSINESS WIRE)--CrowdStrike (Nasdaq: CRWD) today announced it has agreed to acquire Flow Security, the industry's first and only cloud data runtime security solution. With this acquisition, CrowdStrike is setting the standard for modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments, delivering the only cloud data protection platform that secures data in all states, both at rest and in motion. An organization’s most critical informatio ...

Revenue Growth - Annual Recurring Revenue (ARR) increased 34% year-over-year to $3.44 billion as of January 31, 2024, with net new ARR of $281.9 million added in the quarter[10] - Total revenue for fiscal year 2024 was $3.06 billion, a 36% increase compared to $2.24 billion in fiscal 2023[30] - Revenue for the three months ended January 31, 2024, was $845.335 million, a 32.6% increase from $637.367 million in the same period in 2023[51] - Subscription revenue for the three months ended January 31, 2024, was $795.947 million, a 33.0% increase from $598.263 million in the same period in 2023[51] - Total revenue for the year ended January 31, 2024, was $3.055 billion, a 36.3% increase from $2.241 billion in the previous year[51] - Subscription revenue for the year ended January 31, 2024, was $2.870 billion, a 35.9% increase from $2.111 billion in the previous year[51] - GAAP total revenue for the year ended January 31, 2024, was $3,055,555, up from $2,241,236 in 2023, a 36.3% increase[82] Profitability - GAAP net income attributable to CrowdStrike was $89.3 million for fiscal year 2024, compared to a loss of $183.2 million in fiscal 2023[14] - Non-GAAP net income attributable to CrowdStrike was $751.8 million for fiscal year 2024, a 104% increase compared to $368.4 million in fiscal 2023[14][26] - Net income for the three months ended January 31, 2024, was $54.941 million, compared to a net loss of $48.932 million in the same period in 2023[51] - Net income for the year ended January 31, 2024, was $90.585 million, compared to a net loss of $182.285 million in the previous year[51] - GAAP net income for Q1 2024 was $53.7 million, compared to a loss of $47.5 million in Q1 2023[58] - Non-GAAP net income for Q1 2024 was $236.2 million, up from $111.6 million in Q1 2023[58] Cash Flow and Liquidity - Free cash flow for fiscal year 2024 was $938.2 million, compared to $676.8 million in fiscal 2023[32] - CrowdStrike's cash, cash equivalents, and short-term investments totaled $3.47 billion as of January 31, 2024[29] - Net cash provided by operating activities for the year ended January 31, 2024, was $1.166 billion, up from $941.007 million in the previous year[56] - Free cash flow for Q1 2024 was $283.0 million, up from $209.5 million in Q1 2023[59] - GAAP net cash provided by operating activities was $347.0 million in Q1 2024, compared to $273.3 million in Q1 2023[59] - Net increase in cash, cash equivalents, and restricted cash for the year ended January 31, 2024, was $920.673 million, compared to $460.291 million in the previous year[56] - Cash, cash equivalents, and restricted cash at the end of the period were $3.377 billion, up from $2.456 billion at the beginning of the period[56] - Cash and cash equivalents rose to $3,375,069 in 2024 from $2,455,369 in 2023, a 37.5% increase[79] Operating Expenses and Margins - Total operating expenses for the three months ended January 31, 2024, were $607.092 million, a 16.0% increase from $523.263 million in the same period in 2023[51] - Total operating expenses for the year ended January 31, 2024, were $2.301 billion, a 25.8% increase from $1.830 billion in the previous year[51] - GAAP operating margin improved to 4% in Q1 2024 from -10% in Q1 2023[58] - Non-GAAP operating margin increased to 25% in Q1 2024 from 15% in Q1 2023[58] - GAAP subscription gross margin remained stable at 78% in 2024, consistent with 2023[82] - Non-GAAP subscription gross margin improved to 80% in 2024 from 78% in 2023[82] - GAAP professional services gross margin was 33% in 2024, consistent with 2023[82] - Non-GAAP professional services gross margin increased to 46% in 2024 from 43% in 2023[82] - GAAP sales and marketing operating expenses as a percentage of revenue decreased to 34% in 2024 from 39% in 2023[82] - GAAP research and development operating expenses as a percentage of revenue decreased to 25% in 2024 from 30% in 2023[82] Module Adoption and Acquisitions - CrowdStrike's module adoption rates were 64%, 43%, and 27% for five or more, six or more, and seven or more modules, respectively, as of January 31, 2024[33] - CrowdStrike announced the acquisition of Flow Security, the industry's first and only cloud data runtime security solution[33] - Business acquisitions, net of cash acquired, for the year ended January 31, 2024, were $239.030 million, compared to $18.349 million in the previous year[56] Guidance and Future Expectations - CrowdStrike provided guidance for Q1 FY25 with total revenue expected to be between $902.2 million and $905.8 million, and full-year FY25 revenue guidance between $3.92 billion and $3.99 billion[19] - Non-GAAP net income per share attributable to CrowdStrike for Q1 FY25 is expected to be between $0.89 and $0.90, and for full-year FY25 between $3.77 and $3.97[19] Other Financial Metrics - Gross profit for the three months ended January 31, 2024, was $636.763 million, a 37.9% increase from $461.763 million in the same period in 2023[51] - Gross profit for the year ended January 31, 2024, was $2.299 billion, a 40.2% increase from $1.640 billion in the previous year[51] - Interest expense for the three months ended January 31, 2024, was $546 million, compared to $548 million in the same period in 2023[53] - Total gains (losses) and other income from strategic investments for the three months ended January 31, 2024, was $2.485 billion, compared to a loss of $2.904 billion in the same period in 2023[53] - Depreciation and amortization expenses for the year ended January 31, 2024, were $126.838 million, up from $77.245 million in the previous year[56] - Stock-based compensation expense for the year ended January 31, 2024, was $631.519 million, compared to $526.504 million in the previous year[56] - Purchases of property and equipment for the year ended January 31, 2024, were $176.529 million, down from $235.019 million in the previous year[56] - Stock-based compensation expense was $176.3 million in Q1 2024, up from $152.3 million in Q1 2023[58] - Amortization of acquired intangible assets was $5.5 million in Q1 2024, compared to $4.2 million in Q1 2023[58] - Acquisition-related expenses were $428,000 in Q1 2024, down from $477,000 in Q1 2023[58] - Legal reserve and settlement charges were $1.0 million in Q1 2024, compared to $0 in Q1 2023[58] - Total assets increased to $6,646,520 in 2024 from $5,026,540 in 2023, reflecting a growth of 32.2%[79] - Deferred revenue grew to $2,270,757 in 2024 from $1,727,484 in 2023, marking a 31.4% increase[79]

CrowdStrike Holdings, Inc. (CRWD) is slated to report fourth-quarter fiscal 2024 results on Mar 5. The cloud-based cybersecurity solution provider’s fourth-quarter performance is expected to have benefited from a positive demand environment, which is likely to have boosted the company’s subscription revenues.Click here to know how CRWD’s overall fiscal fourth-quarter results are likely to be.Subscription Growth to Boost Q4 RevenuesStellar revenue growth in subscriptions might have contributed significantly ...

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Surging cyber threats from nation-state actors and sophisticated ransomware have made security spending a priority for organizations. The massive spending boom will be a tailwind for cybersecurity stocks.While cyber was a priority area of spending, several factors have heightened the urgency. First, the risks from state-sponsored actors from nations like China and Russia have escalated. Notably, the warning by FBI Director Christopher Wray that Chinese hackers were preparing to attack critical infrastructur ...