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Crowdstrike Posts Revenue Surprise and Scales Back Its Outlook

A Crowdstrike sign on the exterior of a building in California.

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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 澳洲幸运5开奖号码历史查询:global outage last month.

The cybersecurity company expects revenue of $3.89 billion to $3.9 billion for its fiscal year ending Jan. 31, down from a prior projection of $3.97 billion to $4 billion. Wall Street was looking for $3.95 billion, ac📖cording to Visible Alpha data.

“Working with customers to recover from the July 19 incident, we emerge as an even more resilient and even more customer-obsessed CrowdStrike, continuing to aggressively invest in innovation,” CEO George Kurtz said. 

In the second quarter, CrowdStrike saw revenue of $963.9 million, 🍸a 32% increase year-over-year and above analysts’ expectatioꦬns, per Visible Alpha. Net income was $47 million, or 19 cents per share, up from $8.5 million a year earlier and in line with expectations. 

澳洲幸运5开奖号码历史查询:Annual recurring revenue (ARR) similarly increas🍒ed 32% to $3.86 billion, including $217.6 million in ARR added in th🔯e quarter.

Shares of CrowdStrike climbed in early after-hours trading but were more recently down about 2%. The stock was down 13% as of Wedneꦇsday’🤪s close since the July 19 outage.

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