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CrowdStrike Raises Forecasts as Earnings Top Estimates

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The security-software company's revenue was above both the Wall Street consensus estimate and management's forecast.

CrowdStrike Holdings reported better-than-expected financial results and inched up its outlook for the full fiscal year, but the security software company’s stock was little changed in late trading.

On an adjusted basis, CrowdStrike earned 74 cents a share, ahead of both the company’s guidance range of 54 to 57 cents a share and the Street consensus of 56 cents. Under generally accepted accounting principles, the company earned 3 cents a share. Annual recurring revenue was $2.93 billion, up 37%. Free cash flow was $188.7 million, up from $135.8 million in the comparable year-earlier quarter.

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