CrowdStrike Holdings’ (CRWD) stock is up 7% after the cybersecurity firm reported first-quarter financial results that beat Wall Street estimates on both the top and bottom lines.
The company reported earnings per share (EPS) of $0.93 U.S., which was above the $0.89 U.S. expected among analysts who track the company’s progress.
Revenue in the year’s first three months totaled $921 million U.S., up 34% from a year earlier and ahead of estimates calling for $905 million U.S. in sales.
CrowdStrike’s free cash flow stood at $322.5 million U.S. at quarter’s end, up 42% from $227.4 million U.S. a year ago.
Subscription revenue at the company grew 34% to $872.2 million in Q1 of this year.
In terms of guidance, CrowdStrike said that it expects revenue of $958.1 million U.S. to $961.2 million U.S. in the current second quarter. The guidance is ahead of Wall Street forecasts of $955 million U.S.
Profits for Q2 are forecast at $0.98 U.S. to $0.99 U.S. per share, above consensus forecasts of $0.91 U.S.
Prior to today (June 5), the stock of CrowdStrike had risen 98% over the last 12 months and was trading at $305.58 U.S. per share.
