George
Kurtz,
co-founder
and
CEO
of
CrowdStrike,
during
a
Bloomberg
Technology
television
interview
at
the
RSA
Conference
in
San
Francisco
on
April
26,
2023.
David
Paul
Morris
|
Bloomberg
|
Getty
Images
CrowdStrike
shares
surged
as
much
as
21%
in
after-hours
trading
Tuesday
after
the
cybersecurity
company
reported
a
beat
on
the
top
and
bottom
lines,
plus
issued
stronger-than-expected
guidance
for
the
upcoming
quarter
and
full
year.
Here’s
how
the
company
did
compared
to
consensus
estimates
based
on
a
survey
of
analysts
by
LSEG,
formerly
known
as
Refinitiv:
-
Earnings
per
share: 95
cents
adjusted
vs.
82
cents
expected -
Revenue: $845
million
vs.
$839
million
expected
For
the
period
that
ended
Jan.
31,
CrowdStrike
saw
net
income
of
$54
million,
or
22
cents
per
share,
from
a
$48
million
loss,
or
a
20
cent
loss
per
share,
in
the
year-ago
period.
CrowdStrike
has
now
reported
GAAP
net
income
for
the
past
four
quarters,
Chief
Financial
Officer
Burt
Podbere
said
in
the
earnings
release.
Full-year
revenue
rose
36%
year
over
year,
from
$2.24
billion
to
$3
billion.
The
company
also
announced
it
would
acquire
Flow
Security
for
an
undisclosed
price
in
a
cash-and-stock
deal,
slated
to
close
in
the
company’s
fiscal
first
quarter.
The
company
has
been
stepping
up
its
merger
and
acquisition
activity
in
recent
months.
“CrowdStrike
is
cybersecurity’s
consolidator
of
choice,
innovator
of
choice,
and
platform
of
choice
to
stop
breaches,”
co-founder
and
CEO
George
Kurtz
said
in
a
release.
The
company
also
guided
to
fiscal
first-quarter
revenue
between
$902
million
and
$906
million,
better
than
a
consensus
estimate
of
$899
million.
CrowdStrike
also
expects
earnings
per
share
for
the
period
between
89
cents
and
90
cents,
better
than
the
consensus
estimate
of
82
cents.
Podbere
also
reiterated
the
company’s
focus
on
achieving
$10
billion
in
annual
recurring
revenue
by
2030.
The
company
reached
$3.4
billion
in
annual
recurring
revenue
in
January.
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