CrowdStrike Holdings Inc. (NASDAQ:CRWD) gained 3% on Thursday after the cybersecurity firm posted better-than-expected fiscal second-quarter results, though its near-term revenue outlook fell short of analyst estimates.
For the quarter ended July 31, CrowdStrike reported adjusted EPS of $0.93, above consensus of $0.83. Revenue was $1.17 billion, beating the $1.15 billion estimate and up 21% year-over-year. Subscription revenue grew 20% to $1.10 billion.
The company delivered record second-quarter net new annual recurring revenue (NNARR) of $221 million, bringing ending ARR to $4.66 billion, a 20% increase.
For Q3, CrowdStrike projected revenue of $1.208 billion to $1.218 billion, below the $1.23 billion consensus. Its full-year revenue guidance of $4.749 billion to $4.815 billion aligned with consensus at $4.78 billion, while EPS guidance of $3.60 to $3.72 topped expectations of $3.51.
