By Ben Glickman
CrowdStrike raised its full-year guidance after the company’s revenue rose sharply and topped expectations in the first quarter.
The Austin, Texas-based cybersecurity software company reported a profit of $42.8 million, or 17 cents a share, in the quarter ended April 30, compared with a profit of $491,000, or less than 1 cent a share, a year earlier. Analysts polled by FactSet expected a per-share profit of 17 cents.
Stripping out certain one-time items, the company posted an adjusted profit of 93 cents, greater than the 89 cents expected by analysts surveyed by FactSet.
Revenue rose 33% to $921 million, beating the $904.6 million expected by analysts polled by FactSet. Ending annual recurring revenue was up 33% from a year earlier at $3.65 billion.
CrowdStrike now expects revenue of $3.98 billion to $4.01 billion in fiscal 2025, compared with its previous outlook for $3.92 billion to $3.99 billion. Analysts polled by FactSet expect $3.98 billion in revenue.
The company raised its adjusted per-share earnings guidance to $3.93 to $4.03, up from its previous forecast for $3.77 to $3.97.
Write to Ben Glickman at ben.glickman@wsj.com