MSFT - CrowdStrike Scores With Fourth Quarter Results Outlook And Market Expanding Acquisition | Benzinga
On Tuesday, CrowdStrike Holdings Inc (NASDAQ: CRWD) surpassed both top and bottom-line estimates with its fourth quarter results. The shares of the cybersecurity company surged more than 20% during after-hours trading as CrowdStrike also issued a better-than-expected outlook for both the current quarter and fiscal year ahead.
Fourth Quarter Highlights
For the quarter ended on January 31st, CrowdStrike reported revenue expanded 33% YoY to $845 million, surpassing estimates of $839 million. An essential part of its business is subscription revenue that solely grew also 44% YoY to $795.9 million. CrowdStrike also made a turnaround from last year’s comparable quarter when it reported a $48 million loss to now reporting a net income of $54 million, or 22 cents per share. CFO Burt Podbere noted that CrowdStrike has been reporting a GAAP net income over the past four quarters,
Fiscal First Quarter Outlook
CrowdStrike guided for revenue between $902 million and $906 million, surpassing the consensus estimate ...