CrowdStrike Delivers Q2 Earnings Beat, Revenue Jumps 37% As Customers 'Rapidly' Embrace AI-Powered Falcon Platform
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CrowdStrike Holdings Inc (NYSE:CRWD) reported Q2 earnings that beat estimates, with revenue of $731.63 million and EPS of 74 cents. Revenue was up 37% YoY, and annual recurring revenue grew 37% to $2.93 billion. The company ended the quarter with $3.17 billion in cash and equivalents. For Q3, CrowdStrike anticipates revenue between $775.4 million and $778 million, and earnings of 74 cents per share. For full-year 2024, the company expects revenue between $3.03 billion and $3.04 billion, and earnings between $2.80 and $2.84 per share.
August 30, 2023 | 8:33 pm
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CrowdStrike's Q2 earnings beat estimates, with strong growth in revenue and annual recurring revenue. The company's outlook for Q3 and full-year 2024 also exceeds estimates.
CrowdStrike's strong Q2 results and positive outlook for future quarters indicate a healthy financial position and potential for continued growth. This is likely to be viewed positively by investors and could drive the stock price up in the short term.
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