CrowdStrike Reports Strong Earnings, Beats EPS and Revenue Estimates, Provides Positive FY25 Guidance

Jun 4, 2024, 08:06 PM

CrowdStrike Holdings Inc. ($CRWD) reported its earnings, revealing a record free cash flow of $322 million, which is 35% of its revenue. The company also provided guidance for FY25, projecting earnings per share (EPS) between $3.93 and $4.03, slightly above the consensus of $3.93. Revenue is expected to be between $3.976 billion and $4.010 billion, compared to the consensus of $3.98 billion. The earnings report also showed that CrowdStrike beat EPS estimates by $0.04 and revenue estimates by 2%. Despite the positive results, the stock initially moved lower before recovering. The company had a solid guide but missed the operating margin (OM) guide, which was unusual. Overall, it was a high expectational print.