Company Reports Record Revenue Positive Earnings

CrowdStrike Shares Surge Amidst Strong Q1 Earnings

Company Reports Record Revenue, Positive Earnings

Q1 Revenue Climbs 62% to $431.5 Million, Non-GAAP EPS of $0.25

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CrowdStrike Holdings, Inc. (NASDAQ: CRWD) shares rose sharply in premarket trading on Thursday as the cybersecurity company reported strong financial results for the first quarter that ended on April 30th.

Key financial figures include:

• Revenue jumped 62% year-over-year to $431.5 million, topping analysts' estimate of $397.7 million.
• Non-GAAP earnings per share (EPS) came in at $0.25, significantly higher than the Street consensus of $0.12.
• Annual recurring revenue (ARR) grew 61% to $1.81 billion.
• Subscription customers increased by 66% to 17,675, with over 68% of them generating revenue of $100,000 or more.

CrowdStrike's CEO, George Kurtz, attributed the exceptional results to the growing demand for the company's cloud-native security platform and the continued expansion of its customer base. He highlighted that the company is well-positioned to benefit from the increasing adoption of cloud computing and the rising threat of cyberattacks.