By CrowdStrike Holdings, a cybersecurity software company based in Austin, Texas, has shown impressive financial results in the fiscal fourth quarter. The company recorded a profit of $53.7 million or 22 cents per share, marking a significant improvement from a loss of $47.5 million in the same period last year.
Exceeding Expectations
Adjusted per-share earnings stood at 95 cents, surpassing the forecasted 82 cents by analysts. Revenue also saw a notable increase, rising by 33% to $845.3 million, beating the analysts’ expectations of $839.1 million. Furthermore, annual recurring revenue grew by 34% to reach $3.44 billion as of January 31.
Positive Outlook for Fiscal Year 2025
Looking ahead, CrowdStrike anticipates revenue between $3.92 billion and $3.99 billion in fiscal year 2025, compared to $3.06 billion in fiscal 2024. Analysts are expecting revenues to hit $3.94 billion in the current fiscal year. Additionally, the company forecasts a profit range of $3.77 to $3.97 per share for fiscal 2025, surpassing analysts’ expectations of $3.76 per share.
This strong performance highlights CrowdStrike’s continued growth and solidifies its position in the cybersecurity sector.
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