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  • 6 weeks ago
CrowdStrike Holdings posted second-quarter results on Wednesday, according to Benzinga. The cybersecurity company reported revenue of $1.17 billion and adjusted earnings of 93 cents per share, both topping analyst estimates. Revenue rose 21% year-over-year, with subscription revenue also up 21% to $1.10 billion. The company ended the quarter with $4.97 billion in cash. CEO George Kurtz said the second quarter delivered record annual recurring revenue growth and customer expansion, positioning the company as a leader in cybersecurity consolidation and AI-driven enterprise adoption. Full-year revenue is expected at $4.749 billion to $4.805 billion, with earnings raised to $3.60 to $3.72 per share. The company also announced plans to acquire telemetry pipeline firm Onum. Shares fell 6.6% in after-hours trading.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02CrowdStrike Holdings posted second quarter results on Wednesday, according to Benzinga.
00:06Cybersecurity company reported revenue of $1.17 billion and adjusted earnings of $0.93 per share,
00:12both topping analyst estimates. Revenue rose 21% year-over-year, with subscription revenue also
00:17up 21% to $1.1 billion. The company ended the quarter with $4.97 billion in cash.
00:23CEO George Kurtz said the second quarter delivered record annual recurring revenue growth and
00:27customer expansion. Essentially, the company is a leader in cybersecurity consolidation
00:31and AI-driven enterprise adoption. Full-year revenue is expected at $4.749 billion to $4.805 billion.
00:39The earnings raised to $3.60 to $3.70 per share. The company also announced plans to acquire
00:44telemetry pipeline firm Ono. Shares fell 6.6% in after-hours trading.
00:49For all things money, visit Benzinga.com.
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