CrowdStrike Holdings Inc. (CRWD) Tops Q1 EPS by 4c; Guides Above Views

June 3, 2021 4:06 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

CrowdStrike Holdings Inc. (NASDAQ: CRWD) reported Q1 EPS of $0.10, $0.04 better than the analyst estimate of $0.06. Revenue for the quarter came in at $302.8 million versus the consensus estimate of $291.49 million.

“CrowdStrike kicked off the new fiscal year with strong momentum and delivered outstanding first quarter results that exceeded our expectations. We saw strength in multiple areas of the business, added $144 million in net new ARR in the quarter and grew ending ARR 74% year-over-year to exceed $1.19 billion. The CrowdStrike name has become synonymous with best-in-class cybersecurity protection and a platform that just works. Customers of all sizes are increasingly choosing CrowdStrike as their security platform of record with 1,524 net new subscription customers added in the quarter and half of total subscription customers now adopting at least five cloud modules. We believe the robust demand environment driven by secular trends, such as digital and security transformation, cloud adoption and a heightened threat environment, provides a runway for long-term sustainable growth,” said George Kurtz, CrowdStrike’s co-founder and chief executive officer.

Commenting on the company\'s financial results, Burt Podbere, CrowdStrike’s chief financial officer, added, “In the first quarter, we continued to recognize strong operating leverage in our SaaS model and delivered record operating and free cash flow even as we increased investments in our global reach and cloud platform. We believe the investments we are making today will lead to sustained growth over the long-term and maintain our pole position as the trusted security partner of choice.”

GUIDANCE:

CrowdStrike Holdings Inc. sees Q2 2022 EPS of $0.07-$0.09, versus the consensus of $0.06. CrowdStrike Holdings Inc. sees Q2 2022 revenue of $318.3-324.4 million, versus the consensus of $310.19 million.

CrowdStrike Holdings Inc. sees FY2022 EPS of $0.35-$0.41, versus the consensus of $0.30. CrowdStrike Holdings Inc. sees FY2022 revenue of $1.347-1.3657 billion, versus the consensus of $1.32 billion.

For earnings history and earnings-related data on CrowdStrike Holdings Inc. (CRWD) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings