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Episode 227: CrowdStrike Q1 Earnings Soar: 63% Increase & Full-Year Revenue Guidance Boost!
CrowdStrike Holdings (CRWD) has released its impressive Q1 earnings report, showcasing a remarkable 63% increase in earnings per share and a 33% rise in revenue, totaling $921 million. Analysts had predicted earnings of 89 cents per share on $905 million in revenue, but CrowdStrike exceeded these expectations with 93 cents per share.
Key Highlights:
Annual Recurring Revenue (ARR) surged by 33% to $3.65 billion, slightly above Wall Street's target of $3.63 billion.
Full-year revenue guidance has been raised to $3.993 billion, up 30.7% year-over-year.
CRWD stock rose over 4% in extended trading, with a notable 21% increase in 2024 thus far.
CrowdStrike continues to innovate in the cybersecurity space with its advanced XDR (extended detection and response) platform.
Tune in to find out more about CrowdStrike's performance, future projections, and its competitive edge in the cybersecurity market. Don't forget to like, comment, and subscribe for more financial updates and market insights!
#CrowdStrike #EarningsReport #Cybersecurity #StockMarket #FinancialNews #Investing #CRWD #RevenueGrowth #TechStocks #MarketMarauderShow
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By Reginald Seay
5
33 ratings
CrowdStrike Holdings (CRWD) has released its impressive Q1 earnings report, showcasing a remarkable 63% increase in earnings per share and a 33% rise in revenue, totaling $921 million. Analysts had predicted earnings of 89 cents per share on $905 million in revenue, but CrowdStrike exceeded these expectations with 93 cents per share.
Key Highlights:
Annual Recurring Revenue (ARR) surged by 33% to $3.65 billion, slightly above Wall Street's target of $3.63 billion.
Full-year revenue guidance has been raised to $3.993 billion, up 30.7% year-over-year.
CRWD stock rose over 4% in extended trading, with a notable 21% increase in 2024 thus far.
CrowdStrike continues to innovate in the cybersecurity space with its advanced XDR (extended detection and response) platform.
Tune in to find out more about CrowdStrike's performance, future projections, and its competitive edge in the cybersecurity market. Don't forget to like, comment, and subscribe for more financial updates and market insights!
#CrowdStrike #EarningsReport #Cybersecurity #StockMarket #FinancialNews #Investing #CRWD #RevenueGrowth #TechStocks #MarketMarauderShow