CrowdStrike Rallies On Q4 Earnings, Revenue Beat By Investing.com
By Sam Boughedda
Investing.com — Crowdstrike Holdings Inc (NASDAQ:) shares are up 13% in extended trading after the company reported fourth-quarter top and bottom-line numbers that beat analyst expectations.
The cybersecurity firm announced earnings per share of 30 cents on revenue of $431.01 million. Analysts polled by Investing.com anticipated EPS of 20 cents on revenue of $410.97 million.
Subscription revenue was $405.4 million, a 66% rise compared to $244.7 million in the fourth quarter last year.
The company achieved a record net new annual recurring revenue of $217 million, with growth accelerating for the second consecutive quarter.
Full-year revenue was $1.45 billion, a 66% increase compared to $874.4 million the previous year. Additionally, subscription revenue was $1.36 billion, a 69% increase compared to $804.7 million. Adjusted earnings per share for the year came in at 67 cents.
The company sees first quarter revenue between $458.9 and $465.4 million. As a result, adjusted earnings per share for the quarter are forecast from 22 cents to 24 cents. In addition, the company expects adjusted earnings per share between $1.03 and $1.13 on revenue from $2.13 billion to $2.16 billion for the full year.
“The robust top-line growth and exceptional leverage we generated this year demonstrates the efficiency in our model and enables us to step-up investments in new technologies and international geographies,” said Burt Podbere, CrowdStrike’s chief financial officer.
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