Investing.com — CrowdStrike Holdings (NASDAQ:CRWD) delivered stronger guidance Tuesday after reporting better-than-expected fourth-quarter results as the surge in data needed to fuel the AI revolution continues to support growing demand for cybersecurity.
CrowdStrike Holdings was up more than 18% in afterhours following the report.
For Q1, the cybersecurity firm expects adjusted earnings per share in a range of $0.89 to $0.90 on revenue of $902.2 million to 905.8M, topping Wall Street estimates for $0.82 on revenue of $899.5M.
For the three months ended Jan. 31, Crowdstrike reported adjusted EPS of $0.95 a share and revenue of $845.3M, beating estimates of $0.82 and $839.1M, respectively.
Annual recurring revenue, or ARR, jumped 34% year-over-year to $3.44B, with $281.9 million added in the quarter.
Looking ahead to fiscal 2025, the firm expects adjusted earnings per share in a range of $3.77 to $3.97 on revenue of $3.92 billion to $4.00B.
CrowdStrike also said it had agreed to acquire Flow Security in a predominantly in cash deal, which is expected to close in the company's fiscal first quarter. The acquisition will boost CrowdStrike modern cloud security with the ability to «secure data in all states, both at rest and in motion,» it added.
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