CrowdStrike reports Q1 revenue up 26% YoY to $1.39B, vs. $1.36B est., and forecasts Q2 revenue of about $1.44B, vs. $1.43B est.; CRWD drops 9%+ after hours (Samantha Subin/CNBC)
Summary
CrowdStrike reported first-quarter revenue of $1.39 billion, up 26% year over year and slightly ahead of estimates. The company also guided second-quarter revenue to about $1.44 billion, roughly in line with expectations. The stock fell more than 9% after hours despite the revenue beat. This item matters to software buyers and partners because it signals continued scale in the cybersecurity market, but it does not announce a new product or corporate transaction.
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Cybersecurity Software
Endpoint Security
Cloud Security
Linked Companies
CrowdStrike
$1B+