CrowdStrike (NASDAQ:CRWD) Fiscal Q1 Non-GAAP Earnings, Sales Rise; Lifts Fiscal 2024 Revenue, EPS Guidance

CrowdStrike (NASDAQ:CRWD) reported fiscal Q1 non-GAAP diluted earnings of $0.57 per share, up from $0.31 a year earlier.

Analysts polled by Capital IQ expected $0.50 normalized.

Revenue for the quarter that ended April 30 was $692.6 million, up from $487.8 million a year earlier.

Analysts surveyed by Capital IQ expected $676.2 million.

The company said it expects fiscal Q2 non-GAAP diluted earnings of $0.54 to $0.57 and fiscal 2024 ending Jan. 31 adjusted diluted EPS of $2.32 to $2.43. Analysts surveyed by Capital IQ expect $0.54 and $2.31 normalized, respectively. The company had previously forecast full-year non-GAAP earnings of $2.21 to $2.39.

The company expects revenue for the current quarter of $717.2 million to $727.4 million and full-year sales of $3 billion to $3.04 billion. Analysts polled by Capital IQ expect $718.6 million and $3 billion, respectively. The firm had earlier guided to full-year revenue of $2.96 billion to $3.02 billion.

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