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CrowdStrike Posts Strong Q3, Boosts Guidance On Falcon Platform Demand
CrowdStrike Holdings (CRWD) on Tuesday reported record third-quarter (Q3) net new annual recurring revenue (ARR) and lifted its full-year forecast, citing higher customer adoption of its Falcon platform and AI-driven demand.
The cybersecurity company said net new ARR rose to $265 million in the quarter, up 73% year over year. Ending ARR increased 23% to $4.92 billion.
For the fourth quarter (Q4), CrowdStrike expects revenue of $1.29 billion to $1.30 billion and projects adjusted net income of $282.1 million to $286.6 million, with diluted earnings per share (EPS) of $1.09 to $1.11.
For the full year, the company lifted its outlook and now sees revenue between $4.79 billion and $4.8 billion, adjusted net income of $949.6 million to $954 million, maintaining a 21% adjusted tax rate. It also expects diluted EPS of $3.70 to $3.72.
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