CrowdStrike Holdings posted its second-quarter fiscal 2023 non-GAAP earnings of 36 cents per share, exceeding the Zacks Consensus Estimate of 28 cents. It was also a significant improvement from the year-ago quarter’s 11 cents a share.
The company’s revenues climbed +58% from the year-ago quarter to $535.2 million, topping the consensus estimate of $517.1 million.
Subscription revenues surged +60% year over year to $506.2 million. CrowdStrike added 1,741 net new subscription customers during the reported quarter, bringing the total subscription customer count to 19,686 as of Jul 31, 2022, implying a 51% jump year-over-year.
CrowdStrike raised its guidance for fiscal 2023. The company’s management currently estimates its revenues in the band of $2,223-$2,232 million compared with the previously projected band of $2,190.5-$2,205.8 million. The company now anticipates non-GAAP earnings in the band of $1.31-$1.33 per share, up from the prior range of $1.18-$1.22 per share.
For full fiscal 2023, the company projects non-GAAP operating income in the range of $321.8-$328.5 million, higher than the previous band of $306.5-$317.8 million.
For the third quarter, CrowdStrike expects non-GAAP earnings per share in the range of 30 cents to 32 cents, and revenues in the range of $569.1 million to $575.9 million.