CrowdStrike Holdings Reports Q2 Beat & Better Than Expected Outlook
2022.08.31 00:02
CrowdStrike Holdings Reports Q2 Beat & Better Than Expected Outlook
By Davit Kirakosyan
CrowdStrike Holdings Inc. (NASDAQ:CRWD) reported its Q2 results, with EPS of $0.36 coming in better than the consensus estimate of $0.28.
Revenue grew 58% year-over-year to $535.2 million, compared to the consensus estimate of $515.98 million. Subscription revenue was up 60% year-over-year to $506.2 million.
“CrowdStrike delivered a strong second quarter with new milestones across the business. Ending ARR surpassed the $2 billion milestone, net new ARR reached a record $218 million and net new subscription customers reached a record 1,741 in the quarter,” said George Kurtz, CrowdStrike’s co-founder and CEO.
The company expects Q3/23 EPS to be in the range of $0.30-$0.32, compared to the consensus of $0.28, and revenue in the range of $569.1-575.9 million, compared to the consensus of $568.6 million.
For the full 2023-year, the company expects EPS in the range of $1.31-$1.33, compared to the consensus of $1.20, and revenue in the range of $2.223-2.232 billion, compared to the consensus of $2.2 billion.
