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CrowdStrike reports Q4 results: ‘our best days are ahead’

CrowdStrike Holdings Inc (NASDAQ: CRWD) shares jumped 15% in extended trading after the cybersecurity company reported market-beating results for its fiscal Q4 and gave upbeat guidance for the future.

Notable figures in CrowdStrike Q4 results

Lost $42 million in the fourth quarter that translates to 18 cents a share.
In Q4 of last year, CrowdStrike had posted $19 million in loss or 9 cents a share.
Adjusted net income printed at 30 cents a share, as per the earnings press release.

Revenue jumped 63% year-over-year to $431 million in fiscal Q4.
Annual recurring revenue noted an annualised growth of 65%.
FactSet consensus was for 20 cents of adjusted EPS on $411 million in revenue.

Last month, ERShares’ Eva Ados said CrowdStrike shares were a good pick amidst the war in Ukraine.

CrowdStrike future outlook

For the current quarter, CrowdStrike forecasts EPS in the range of 22 cents to 24 cents on $458.9 million to $465.4 million in revenue. In comparison, analysts had called for 17 cents of per-share earnings on $440.3 million in revenue.

The full-year guidance of the cybersecurity technology company also handily topped Street expectations. In the earnings press release, CEO George Kurtz said:

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. As we continue to capitalise on our unique market position, we firmly believe CrowdStrike’s best days are ahead.

The post CrowdStrike reports Q4 results: ‘our best days are ahead’ appeared first on Invezz.

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