Cybersecurity firm CrowdStrike Holdings (CRWD) has reported better-than-expected second-quarter financial results and raised its forward guidance.
Shares of CrowdStrike are little changed after the Austin, Texas-based company announced Q2 earnings per share (EPS) of $0.74 U.S., which was well ahead of Wall Street’s consensus forecast of $0.56 U.S.
Revenue for Q2 came in at $731.6 million U.S., up 37% from a year ago. That was also ahead of analyst expectations of $724.1 million U.S.
The company’s free cash flow stood at $188.7 million U.S. at the quarter’s end, up 39% from $135.8 million U.S. a year earlier.
In terms of forward guidance, CrowdStrike said it expects revenue of $775.4 million U.S. to $778 million U.S. and $0.74 U.S. in earnings for the current third quarter. Wall Street had been looking for $774 million U.S. in revenue and $0.60 U.S. in profits for Q3.
CrowdStrike’s stock has gained 44% this year and currently trades at $149.18 U.S. per share.
