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CrowdStrike raises annual revenue forecast on strong cybersecurity demand
The cybersecurity firm reported $1.47 billion in quarterly revenue and $0.31 per share, while annual recurring revenue rose 25% to $5.84 billion.
- On Wednesday, CrowdStrike reported second-quarter revenue of $1.47 billion, beating analyst estimates of $1.44 billion, and raised its full-year revenue outlook to as much as $6.01 billion.
- Growing adoption of AI models has intensified cybersecurity demand, with CrowdStrike CEO George Kurtz calling it "the largest market opportunity in our history."
- Annual recurring revenue reached $5.84 billion, a 25% increase from last year, while Falcon Flex platform adoption exceeded $2.29 billion, growing 101% year-over-year.
- Austin, Texas-based CrowdStrike shares jumped 12% in extended trading on Wednesday, as management provided third-quarter guidance of up to $1.53 billion above analyst estimates.
- Record cash flow from operations reached $530.3 million, up from $332.8 million a year earlier, while free cash flow totaled $377.4 million, strengthening CrowdStrike's financial position.
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11 Articles
11 Articles
CrowdStrike raises annual revenue forecast on strong cybersecurity demand
·London, United Kingdom
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CrowdStrike Beats Annual Revenue Forecasts as AI Threats Rise
CrowdStrike Holdings Inc.’s shares jumped in late trading after the company projected revenue for the full year that exceeded analysts’ estimates, evidence that the cybersecurity industry continues to benefit from AI-fueled demand.
·New York, United States
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Company expects annual revenue between US$ 5.99 billion and US$ 6.01 billion
·São Paulo, Brazil
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Total News Sources11
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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