CrowdStrike Shares Gain On Earnings, Revenue Beat

© Reuters.

By Sam Boughedda — 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 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.

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