CrowdStrike Beats Q3 Earnings with $0.93 EPS, $1.01B Revenue; Provides Q4 Guidance

Nov 26, 2024, 09:10 PM

CrowdStrike Holdings Inc. (NASDAQ: CRWD) reported its third-quarter earnings, surpassing Wall Street expectations. The company announced an adjusted earnings per share (EPS) of $0.93, beating the consensus estimate of $0.81 by $0.12, and revenue of $1.01 billion, exceeding the expected $983 million. CrowdStrike also provided guidance for the fourth quarter, forecasting an EPS range of $0.84 to $0.86, slightly below the consensus estimate of $0.86, and revenue projections between $1.029 billion and $1.035 billion, in line with the consensus of $1.03 billion. For the full fiscal year 2025, CrowdStrike anticipates an EPS range of $3.74 to $3.76 and revenue between $3.924 billion and $3.93 billion, both above consensus estimates. The company's annual recurring revenue (ARR) reached $4.02 billion, a 27% increase year-over-year, highlighting its continued growth in the cybersecurity sector.