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]

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We enter a new Jobs Week rather quietly. By the end of Friday, we'll have seen new JOLTS numbers, the ADP private-sector jobs report, Weekly Jobless Claims and the full Employment Situation report for the month of May. You'll recall that April posted the second-fewest job gains of the past year, at 175K, which followed the single-highest month for the domestic labor force, at 315K. Friday's tally might give us a better idea of which way jobs are really headed. Many analysts see downside risk here. As we con ...

Monday, June 3rd, 2024 We enter a new Jobs Week rather quietly. By the end of Friday, we'll have seen new JOLTS numbers, the ADP private-sector jobs report, Weekly Jobless Claims and the full Employment Situation report for the month of May. You'll recall that April posted the second-fewest job gains of the past year, at 175K, which followed the single-highest month for the domestic labor force, at 315K. Friday's tally might give us a better idea of which way jobs are really headed. Many analysts see downsi ...

CrowdStrike Holdings, Inc. (CRWD) is set to announce its first-quarter fiscal 2025 earnings on Jun 4. The cybersecurity company is expected to show strong performance, driven by the high demand for its cloud-based security solutions, which is likely to boost its subscription revenues. Subscription Growth to Aid Q1 Revenues Our first-quarter fiscal 2025 estimate for Subscription revenues is pegged at $844.8 million, which indicates a year-over-year improvement of 29.7%. The company's first-quarter non-GAAP g ...