CrowdStrike (CRWD) Q4 2024 Earnings

CrowdStrike shares rose as much as 21% in after-hours trading on Tuesday after the cybersecurity company reported top-line and bottom-line wins, plus issued stronger-than-expected guidance for the upcoming quarter and full year.

Here’s how the company fared compared to consensus estimates based on a survey of analysts from LSEG, formerly Refinitiv:

• Earnings per share: 95 cents adjusted vs. 82 cents expected
• Income: $845 million vs. $839 million expected

For the period ended Jan. 31, CrowdStrike reported net income of $54 million, or 22 cents per share, down from a loss of $48 million, or 20 cents per share, in the year-ago period.

CrowdStrike has now reported GAAP net income for the past four quarters, Chief Financial Officer Bert Podbere said in the earnings release. Full-year revenue increased 36% year-over-year, from $2.24 billion to $3 billion.

The company too announced it will acquire Flow Security for an undisclosed price in a cash and stock transaction scheduled to close in the company’s first fiscal quarter. In recent months, the company has stepped up its M&A activities.

“CrowdStrike is the cybersecurity consolidator of choice, innovator of choice and platform of choice to stop breaches,” co-founder and CEO George Kurtz said in a release.

The company also guided for fiscal first-quarter revenue of between $902 million and $906 million, better than the consensus estimate of $899 million. CrowdStrike also expects earnings per share for the period between 89 cents and 90 cents, better than the consensus estimate of 82 cents.

Podbere also reiterated the company’s focus on achieving $10 billion in annual recurring revenue by 2030. The company hit $3.4 billion in annual recurring revenue in January.

Don’t miss these stories from CNBC PRO: