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. […]

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

Enterprise software companies have been flagging customers tightening the belt on deals, but that doesn’t seem to be weighing on CrowdStrike’s results. CFO Burt Podbere says on a call with analysts that the macro environment is still challenging, but he notes that the company has had larger platform deals, strong win rates and record pipeline levels for the year. Podbere says the company is sticking with prudent assumptions in guidance and says second-quarter guidance assumes year-on-year net new annual recurring revenue growth in the double digits to the low teens. Shares rise 6.8% to $326.24 after-hours.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Q1 2025 Earnings Conference Call June 4, 2024 5:00 PM ET Company Participants Maria Riley – Vice President of Investor Relations George Kurtz – President, Chief Executive Officer and Co-Founder Burt Podbere – Chief Financial Officer Conference Call Participants Andrew Nowinski – Wells Fargo Saket Kalia – Barclays Brian Essex – JPMorgan Tal Liani – Bank of America Hamza Fodderwala – Morgan Stanley Matthew Hedberg – RBC Capital Markets Fatima Boolani – Citi Gabriela Borges – Goldman Sachs Alex Henderson – Needham John DiFucci – Guggenheim Securities Operator Good day, everyone, and thank you for standing by. Welcome to CrowdStrike Fiscal First Quarter 2025 Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand it over