CrowdStrike Holdings Inc (NASDAQ:CRWD) reported financial results for the first quarter of fiscal 2025 after the market close on Tuesday. Here’s a look at the key details from the quarter.
Q1 Earnings: CrowdStrike’s first-quarter revenue increased 33% year-over-year to $921 million, beating the consensus estimate of $904.66 million. The cybersecurity company reported adjusted earnings of 93 cents per share, beating analyst estimates of 89 cents per share.
Annual recurring revenue increased 33% year-over-year to $3.65 billion after the company added $211.7 million of net new ARR in the first quarter. Net cash generated from operations was $383.2 million and free cash flow came in at $322.5 million. The company ended the quarter with $3.7 billion in cash, equivalents and short-term investments.
“CrowdStrike started the fiscal year from a position of momentum and exceptional strength, with net new ARR of $212 million growing 22% year-over-year and ending ARR growing 33% year-over-year to reach $3.65 billion,” said George Kurtz, co-founder, president and CEO of CrowdStrike.
“The Falcon platform’s differentiated architecture creates a wide competitive moat and uniquely enables CrowdStrike to solve the industry’s biggest cybersecurity, IT and data problems.”
Outlook: CrowdStrike sees second-quarter revenue in the range of $958.3 million to $961.2 million versus estimates of $954.43 million. The company anticipates second-quarter adjusted earnings of 98 cents to 99 cents per share versus estimates of 91 cents per share.
CrowdStrike also raised guidance for fiscal-year 2025. The company anticipates total revenue of $3.976 billion to $4.011 billion versus estimates of $3.97 billion. The company now sees fiscal-year 2025 earnings in the range of $3.93 to $4.03 per share versus estimates of $3.91 per share.
CrowdStrike’s management team will hold a conference call to discuss these results at 5 p.m. ET.