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CrowdStrike raises annual revenue forecast on strong cybersecurity demand
The cybersecurity firm reported $1.47 billion in quarterly revenue and $0.31 per share, while annual recurring revenue rose 25% to $5.84 billion.
- On Wednesday, CrowdStrike reported second-quarter revenue of $1.47 billion, beating analyst estimates of $1.44 billion, and raised its full-year revenue outlook to as much as $6.01 billion.
- Growing adoption of AI models has intensified cybersecurity demand, with CrowdStrike CEO George Kurtz calling it "the largest market opportunity in our history."
- Annual recurring revenue reached $5.84 billion, a 25% increase from last year, while Falcon Flex platform adoption exceeded $2.29 billion, growing 101% year-over-year.
- Austin, Texas-based CrowdStrike shares jumped 12% in extended trading on Wednesday, as management provided third-quarter guidance of up to $1.53 billion above analyst estimates.
- Record cash flow from operations reached $530.3 million, up from $332.8 million a year earlier, while free cash flow totaled $377.4 million, strengthening CrowdStrike's financial position.
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11 Articles
11 Articles
CrowdStrike raises annual revenue forecast on strong cybersecurity demand
·London, United Kingdom
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Company expects annual revenue between US$ 5.99 billion and US$ 6.01 billion
·São Paulo, Brazil
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Total News Sources11
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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