CrowdStrike Q2 Earnings: Revenue Beat, EPS Beat, ARR Up 32% 'Even More Customer-Obsessed' Company Following IT Outage In July
Portfolio Pulse from Adam Eckert
CrowdStrike Holdings Inc (NASDAQ:CRWD) reported strong Q2 earnings, beating revenue and EPS estimates. Despite a July IT outage, the company showed resilience with a 32% increase in annual recurring revenue. However, future guidance is below expectations due to customer incentives related to the outage.
August 28, 2024 | 8:45 pm
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CrowdStrike reported strong Q2 earnings, beating revenue and EPS estimates. Despite a July IT outage, the company showed resilience with a 32% increase in annual recurring revenue. However, future guidance is below expectations due to customer incentives related to the outage.
CrowdStrike's Q2 results exceeded expectations, with strong revenue and EPS performance. The company's resilience post-IT outage and significant ARR growth are positive indicators. However, the future guidance is below expectations due to customer incentives, which may impact short-term stock performance. Despite this, the market reacted positively after hours, indicating investor confidence in the company's long-term strategy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100