CrowdStrike (CRWD) shares were up 7% in premarket activity on Wednesday after the company reported a stronger-than-expected jump in fiscal Q1 earnings as sales surged more than forecast and raised its fiscal 2025 guidance.
The company reported fiscal Q1 non-GAAP earnings late Tuesday of $0.93 per diluted share, up from $0.57 a year ago.
Analysts polled by Capital IQ expected $0.89.
Revenue for the quarter ended April 30 was $921.0 million, up from $692.6 million a year earlier.
Analysts surveyed by Capital IQ expected $904.8 million.
The company said it expects Q2 non-GAAP EPS of $0.98 to $0.99 and revenue of $958.3 million to $961.2 million.
Analysts polled by Capital IQ expect 0.91 and $956.3 million, respectively.
The company said it now expects fiscal 2025 non-GAAP EPS to be between $3.93 and $4.03 and revenue to be between $3.98 billion and $4.01 billion.
Its previous guidance was for non-GAAP EPS of $3.77 to $3.97 and revenue of $3.93 billion to $3.99 billion.
Analysts surveyed by Capital IQ expect $3.92 and $3.98 billion, respectively.