Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

CrowdStrike Shares Gain On Earnings, Revenue Beat

Published 12/02/2021, 05:38 AM
© Reuters.

By Sam Boughedda

Investing.com — CrowdStrike shares are climbing after-hours after the company announced earnings per share of 17 cents on revenue of $380.1 million. Analysts polled by Investing.com anticipated EPS of 10 cents on revenue of $363.55 million.

CrowdStrike shares are currently up 3%.

The cybersecurity company added 1,607 net new subscription customers during the quarter, which increases its subscription customers with four or more modules, five or more modules, and six or more modules to 68%, 55%, and 32%, respectively.

The company's Subscription revenue was $357.0 million, a 67% increase, compared to $213.5 million compared to last year, while annual recurring revenue (ARR) increased 67% year-over-year and grew to $1.51 billion.

"Our outstanding results this quarter demonstrate the flywheel effect of our platform and reflect continued strong customer adoption for our core products in addition to the growing success of our newer product initiatives including identity protection, log management and cloud," said George Kurtz, CrowdStrike's co-founder and CEO.

Looking ahead, CrowdStrike sees its fourth quarter adjusted EPS at between 19 cents and 21 cents, while its adjusted EPS for FY 2022 is forecasted between 57 cents and 59 cents.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.