CrowdStrike Delivers Beat-And-Raise Q3: 'One Of Our Best Quarters In Company History'

Benzinga

CrowdStrike beat Q3 estimates with $1.23 billion in revenue and 96 cents in adjusted EPS as ARR jumped 23% to $4.92 billion. CEO George Kurtz called it one of the company’s best quarters, driven by secure AI adoption and strong subscription growth. The company raised full-year guidance and issued Q4 projections above expectations.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03CrowdStrike beat third-quarter expectations with revenue slightly above $1.23 billion

00:07and adjusted earnings of 96 cents per share, according to Benzinga.

00:12Total revenue rose 22% year-over-year.

00:15Subscription revenue grew 21% to $1.17 billion,

00:19and annual recurring revenue increased 23% to $4.92 billion

00:24after the company added $265.3 million in net new ARR.

00:30Net cash from operations reached $397.5 million,

00:34and free cash flow was $295.9 million.

00:39CrowdStrike CEO George Kurtz said the company is driving secure AI transformation

00:43and called the third quarter one of its best ever.

00:46CrowdStrike raised both its full-year revenue and adjusted earnings outlooks

00:50and issued fourth-quarter guidance above expectations.

00:53Shares traded at $518 in after hours, up 0.28% at publication.

00:58For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended