CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth.
: 57 cents, adjusted, vs. 51 cents expected.
Revenue: $692.6 million, vs. $676.4 million expected.
CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago.
The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.
Persons:
CrowdStrike, George Kurtz, Burt Podbere, Kurtz
Organizations:
Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice
Locations:
cybersecurity, China, U.S, Guam