© Reuters.
Investing.com — CrowdStrike raised its annual guidance on Tuesday after reporting third-quarter results that topped Wall Street estimates as a ramp-up in cybersecurity subscription revenue boosted performance.
CrowdStrike Holdings Inc (NASDAQ:) was down more than 1% in after-hours trading following the report.
Crowdstrike adjusted EPS of $0.82 a share on revenue of $786 million, beat estimates of $0.74 and $624.77M, respectively.
Annual recurring revenue, or ARR, grew to 35% year-over-year to reach $3.15B as of Oct. 31, of which $223.1 million was added in the quarter.
For Q4, the company forecast adjusted EPS in a range of $0.81 to $0.82 on revenue of $836.6M to $840M, compared with estimates for $0.78 on revenue of $836.78M.
Looking further ahead, the company now expects adjusted EPS in a range of $2.95 to $2.96 on revenue of $3.047B to $3.050B, up from a prior range of $2.80 to $2.84 on revenue between $3.031B and $3.043B.
