For the quarter ended July 2024, CrowdStrike Holdings (CRWD) reported revenue of $963.87 million, up 31.7% over the same period last year. EPS came in at $1.04, compared to $0.74 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $958.58 million, representing a surprise of +0.55%. The company delivered an EPS surprise of +6.12%, with the consensus EPS estimate being $0.98. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

r with and the mail of the m T 1 / F II I restraction of the county Kelvin Murray Introduction and investment thesis Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) lost 40% of their value within two and a half weeks after the widely reported global outage swept through 8.5 million Windows devices, going down as one of the most significant cybersecurity events in history. One day after the news came out, I came to the following conclusion: "However, after recent negative headlines came to light, I think ...

Key Takeaways CrowdStrike saw revenue jump 32% year-over-year, beating analysts' expectations. The results are the company's first since a botched update of its software caused a global outage resulting in issues including flight delays and cancellations. The company revised down its revenue guidance for the fiscal year ending January 31. CrowdStrike Holdings (CRWD) beat top-line expectations but lowered its full-year guidance Wednesday in its first earnings report since a failed software update caused a gl ...

CrowdStrike Holdings (CRWD) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.12%. A quarter ago, it was expected that this cloudbased security company would post earnings of $0.89 per share when it actually produced earnings of $0.93, delivering a surprise of 4.49%. Over the last fo ...

CrowdStrike shares rose 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance in the wake of a global outage. Here is how the company did compared to LSEG consensus: Earnings per share: $1.04 adjusted vs. 97 cents expected Revenue: $963.9 million vs. $959 million expected CrowdStrike's revenue grew 32% year over year in the quarter, which ended on July 31, according to a statement. The company recorded net inco ...

Revenue Growth and Performance - Ending ARR grew 32% year-over-year to $3.86 billion, with $218 million in net new ARR added[1] - Total revenue increased 32% year-over-year to $963.9 million, with subscription revenue up 33% to $918.3 million[3] - Total revenue for Q2 2024 increased to $963.9 million, up 31.7% from $731.6 million in Q2 2023[17] - Subscription revenue grew to $918.3 million in Q2 2024, a 33.1% increase from $690.0 million in Q2 2023[17] - GAAP subscription revenue for the six months ended July 31, 2024, was $1,790,429 thousand, compared to $1,341,147 thousand in the same period in 2023[30] - Revenue guidance for fiscal year 2025 includes an estimated $30 million subscription revenue impact per quarter due to customer commitment package incentives[7] Profitability and Income - GAAP net income attributable to CrowdStrike was $47.0 million, a significant increase from $8.5 million in the same quarter last year[4] - Non-GAAP net income attributable to CrowdStrike was $260.8 million, compared to $180.0 million in the prior year[4] - Net income attributable to CrowdStrike for Q2 2024 was $47.0 million, compared to $8.5 million in Q2 2023[17] - Net income for the six months ended July 31, 2024, was $92,954 thousand, significantly higher than $8,975 thousand in the same period in 2023[29] - GAAP net income attributable to CrowdStrike for Q3 2024 was $47.0 million, compared to $8.5 million in Q3 2023[33] - Non-GAAP net income attributable to CrowdStrike for Q3 2024 was $260.8 million, compared to $180.0 million in Q3 2023[33] Cash Flow and Financial Position - Operating cash flow reached a record $327 million, with free cash flow at $272 million[1] - Cash and cash equivalents increased to $4,038,536 thousand as of July 31, 2024, up from $3,375,069 thousand as of January 31, 2024[28] - Net cash provided by operating activities for the six months ended July 31, 2024, was $709,869 thousand, up from $545,673 thousand in the same period in 2023[29] - GAAP net cash provided by operating activities for Q2 2024 was $326.6 million, a 33% increase from $244.8 million in Q2 2023[35] - Free cash flow for Q2 2024 was $272.2 million, a 44% increase from $188.7 million in Q2 2023[35] - Free cash flow margin for Q2 2024 was 28%, up from 26% in Q2 2023[35] - GAAP net cash provided by operating activities as a percentage of revenue remained stable at 34% in Q2 2024 compared to 33% in Q2 2023[35] - GAAP net cash used in investing activities was $54.9 million in Q2 2024, compared to $41.8 million provided by investing activities in Q2 2023[35] - GAAP net cash provided by financing activities increased to $62.5 million in Q2 2024 from $49.7 million in Q2 2023[35] Operating Expenses and Margins - Operating expenses for Q2 2024 totaled $712.8 million, up 26.4% from $564.1 million in Q2 2023[17] - Research and development expenses increased to $250.9 million in Q2 2024, up 39.9% from $179.4 million in Q2 2023[17] - Total stock-based compensation expense for Q2 2024 was $200.9 million, compared to $164.8 million in Q2 2023[18] - Channel File 291 Incident related costs for Q2 2024 amounted to $5.1 million, primarily in sales and marketing, R&D, and general administrative expenses[23] - Non-GAAP subscription gross margin for the six months ended July 31, 2024, was 81%, up from 80% in the same period in 2023[30] - Total GAAP gross margin remained steady at 75% for both the six months ended July 31, 2024, and 2023[30] - Non-GAAP sales and marketing operating expenses as a percentage of revenue decreased to 31% for the six months ended July 31, 2024, from 33% in the same period in 2023[30] - GAAP operating margin for Q3 2024 was 1%, compared to -2% in Q3 2023[31] - Non-GAAP operating margin for Q3 2024 was 24%, compared to 21% in Q3 2023[31] - GAAP research and development operating expenses for Q3 2024 were $250.9 million, or 26% of revenue, compared to $179.4 million, or 25% of revenue, in Q3 2023[31] - Non-GAAP research and development operating expenses for Q3 2024 were $173.9 million, or 18% of revenue, compared to $132.4 million, or 18% of revenue, in Q3 2023[31] - GAAP general and administrative operating expenses for Q3 2024 were $106.4 million, or 11% of revenue, compared to $101.8 million, or 14% of revenue, in Q3 2023[31] - Non-GAAP general and administrative operating expenses for Q3 2024 were $61.0 million, or 6% of revenue, compared to $49.2 million, or 7% of revenue, in Q3 2023[31] Partnerships and Business Development - CrowdStrike's module adoption rates were 65%, 45%, and 29% for five or more, six or more, and seven or more modules, respectively[5] - The company exceeded $1 billion in total sales over the lifetime of its partnership with CDW Corporation[5] - CrowdStrike announced a strategic partnership with Hewlett Packard Enterprise to secure end-to-end AI innovation[5] Financial Metrics and Guidance - Non-GAAP income from operations is projected to be between $774.7 million and $783.9 million for fiscal year 2025[9] - Gross profit for Q2 2024 reached $726.5 million, a 32.4% increase from $548.7 million in Q2 2023[17] - Interest income for Q2 2024 was $51.5 million, up 40.6% from $36.6 million in Q2 2023[17] - Diluted net income per share for Q2 2024 was $0.19, compared to $0.03 in Q2 2023[17] - Total current assets rose to $5,181,648 thousand as of July 31, 2024, compared to $4,757,307 thousand as of January 31, 2024[28] - Total liabilities increased slightly to $4,311,884 thousand as of July 31, 2024, from $4,309,431 thousand as of January 31, 2024[28] - Total stockholders' equity grew to $2,890,590 thousand as of July 31, 2024, up from $2,337,089 thousand as of January 31, 2024[28] - GAAP diluted net income per share attributable to CrowdStrike common stockholders for Q3 2024 was $0.19, compared to $0.03 in Q3 2023[34] - Non-GAAP diluted net income per share attributable to CrowdStrike common stockholders for Q3 2024 was $1.04, compared to $0.74 in Q3 2023[34] - Purchases of property and equipment decreased to $39.3 million in Q2 2024 from $40.4 million in Q2 2023, representing 4% of revenue compared to 6% in the prior year[35] - Capitalized internal-use software and website development costs were $14.5 million in Q2 2024, slightly down from $15.1 million in Q2 2023, both representing 2% of revenue[35] - Free cash flow rule of 40 is calculated by summing the current quarter's year-over-year revenue growth rate and free cash flow margin percentage[45] - Annual Recurring Revenue (ARR) is calculated as the annualized value of customer subscription contracts, including those in renewal discussions[43]

CrowdStrike and Snowflake have seen their reputations suffer. "It takes 20 years to build a reputation and five minutes to ruin it," says billionaire investor Warren Buffett. Cybersecurity company CrowdStrike (CRWD 1.49%) and cloud data platform Snowflake (SNOW -2.08%) have each stumbled into the reality of this aphorism recently. Both companies operate in industries where trust is critical -- companies trust CrowdStrike to protect their critical infrastructure and devices, and they trust Snowflake with mou ...

CrowdStrike Holdings, Inc. (CRWD) is set to announce second-quarter fiscal 2025 results on Aug. 28. The Zacks Consensus Estimate of 98 cents for the company's second-quarter non-GAAP earnings per share (EPS) indicates a 32.4% year-over-year increase. While the bottom-line projection might appear to be a positive indicator, the reality is more nuanced when compared to (more than) 50% growth that CrowdStrike has consistently delivered in the past 13 quarters. CRWD's Slowing Sales Growth: A Critical Issue Alth ...

CrowdStrike Holdings Inc CRWD will be reporting its second-quarter earnings on Wednesday. Wall Street expects 97 cents in EPS and $958.6 million in revenues as the company reports after market hours. The stock is up 84.59% over the past year, 7.69% YTD. Let's look at what the charts indicate for CrowdStrike stock and how the stock currently maps against Wall Street estimates. CrowdStrike Stock Chart Bearish Ahead of Q2 Earnings CrowdStrike stock is currently showing a relatively stagnant trend with signs of ...

NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of CrowdStrike Holdings, Inc. (NASDAQ: CRWD). Shareholders who purchased shares of CRWD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/crowdstrike-loss-submission-form/?id=98149&from=3 CLASS PERIOD: Novembe ...