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CrowdStrike Reports Higher Operating Expenses as AI Investments Gain Pace
CrowdStrike posted 26% revenue growth, returned to profit and lifted 2027 targets as it increases AI spending and acquisitions.
- On Wednesday, CrowdStrike reported first-quarter revenue of $1.39 billion, beating Wall Street estimates of $1.36 billion, while announcing a four-for-one stock split effective in July. Shares fell 9% following the report.
- CEO George Kurtz said the company is benefiting from an "AI inflection point" fueled by rising customer platform adoption. CrowdStrike capitalizes on demand for security tools as advanced models like Anthropic's Mythos threaten to accelerate cyberattacks.
- Total first-quarter operating expenses jumped 15 per cent to $1.07 billion as the company ramped up AI investments. Net income totaled about $27.8 million, while a $740 million deal acquired identity security startup SGNL and AI security startup Pangea.
- The company lifted its fiscal 2027 net new annual recurring revenue growth forecast to between $6.53 billion and $6.56 billion. Adjusted profit is projected between $4.88 and $4.96 per share, up from prior guidance of $4.78 to $4.90.
- Amid a massive acquisition spree to scale agentic AI capabilities, CrowdStrike is testing Anthropic's Mythos in limited capacity through Project Glasswing. Competitors similarly race to bolster cybersecurity strategies against accelerating AI-driven threats.
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news.azCrowdStrike reports higher operating expenses as AI investments gain pace
June 3 : CrowdStrike reported a 15 per cent jump in its first-quarter operating expenses on Wednesday, as the cybersecurity company ramps up investments in AI and product development.Shares of the company fell 8 per cent in extended trading.Here are some details: • CrowdStrike expects 2027 rev
·Singapore, Singapore
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Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
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