Crowdstrike incurred a loss of -$55 million, or -24 cents a share in the fiscal third quarter, compared to a loss of -$50.5 million, or -22 cents a share, in the year-ago quarter. Adjusted earnings came in at 40 cents a share (rising from 17 cents a share in the year-ago period), while analysts expected 28 cents a share.
Revenue rose to $580.9 million from $380.1 million in the year-ago quarter. Analysts expected CrowdStrike to report revenue of $516 million.
The company reported $198.1 million in net new annual recurring revenue (ARR is a software-as-a-service metric gauging how much revenue the company can expect based on subscriptions), increasing +54% to $2.34 billion from the year-ago quarter, although slightly below the Street expectation of $2.35 billion.
CrowdStrike has projected full-year earnings in the range of $1.49 to $1.52 a share, higher than Wall Street expectation of $1.33 a share. The company expects revenue of $2.22 billion to $2.23 billion, compared to analysts’ expectation of $2.23 billion.
For fiscal fourth quarter, CrowdStrike expects adjusted earnings in the range of 42 cents to 45 cents a share , while analysts polled by FactSet have predicted earnings of 34 cents a share. Revenue guidance for the quarter is $619.1 million to $628.2 million, while analysts polled by FactSet are expecting $633.9 million,
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The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company, which provides cloud-delivered solution for next-generation endpoint protection.
Industry PackagedSoftware