CrowdStrike raises guidance after Q2 results beat estimates
Related company: CrowdStrike (http://www.crowdstrike.com)
CrowdStrike raised its annual guidance after delivering better-than-expected second-quarter results. The company’s AI-powered cybersecurity platform boosted new business wins, leading to a surge in new customer subscriptions and an increase in average recurring revenue. CrowdStrike reported adjusted EPS of $0.47 on revenue of $741.6 million, beating estimates. The company expects an EPS of $0.74 on revenue in a range of $775.4M to $778M for the third quarter. For fiscal 2024, CrowdStrike forecasts adjusted EPS of $2.80 to $2.84 and revenue of $3.03B to $3.04B.
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