CrowdStrike reported first-quarter earnings that missed analyst expectations on both revenue and earnings, according to Benzinga. The cybersecurity firm posted first-quarter revenue of $1.10 billion and adjusted EPS of $0.73, below estimates of $1.16 billion and $0.81, respectively. Subscription revenue rose 20% to $1.05 billion, and annual recurring revenue climbed 22% year-over-year to $4.44 billion. The company also announced a $1 billion share repurchase program. For Q2, CrowdStrike guided revenue between $1.14 billion and $1.15 billion and EPS of $0.82 to $0.84, both below estimates. The company raised full-year revenue guidance ranging from $4.74 billion to $4.81 billion and adjusted EPS ranging from $3.44 to $3.56. Shares fell 7.31% after hours.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02CrowdStrike reported first quarter earnings that missed analytics expectations on both
00:06revenue and earnings, according to Benzinga.
00:08Cybersecurity firm posted first quarter revenue of $1.1 billion and adjusted EPS of $0.73,
00:13below the estimates of $1.16 billion and $0.81 respectively.
00:17Description revenue rose 20% to $1.05 billion.
00:21Annual recurring revenue climbed 22% year-over-year to $4.44 billion.
00:26The company also announced a $1 billion share repurchase program.
00:28The Q2 CrowdStrike guided revenue between $1.14 billion and $1.15 billion,
00:34an EPS of $0.82 to $0.84, both below estimates.
00:38The company raised full-year revenue guidance ranging from $4.74 billion to $4.81 billion,
00:44and adjusted EPS ranging from $3.44 to $3.56.
00:49Shares fell 7.31% after hours.
00:51For all things money, visit Benzinga.com slash GSTV.