From CNBC:

CrowdStrike shares surged 21% in after-hours trading after reporting a beat on top and bottom lines, plus stronger guidance for the upcoming quarter. Earnings per share were 95 cents adjusted vs. 82 cents expected, with revenue at $845 million vs. $839 million expected for the period that ended Jan. 31.

CrowdStrike reported net income of $54 million, up from a $48 million loss in the previous year. Full-year revenue rose 36% year over year, from $2.24 billion to $3 billion. The company will acquire Flow Security in a cash-and-stock deal, expanding its cloud security platforms.

CEO George Kurtz stated that CrowdStrike is the “consolidator of choice, innovator of choice, and platform of choice to stop breaches.” The company expects fiscal first-quarter revenue between $902 million and $906 million, better than the consensus estimate of $899 million, with earnings per share between 89 cents and 90 cents.

CrowdStrike aims to achieve $10 billion in annual recurring revenue by 2030, having reached $3.4 billion in annual recurring revenue in January. The company has been active in mergers and acquisitions, with its latest acquisition of Flow Security.



Read more at CNBC:: CrowdStrike (CRWD) Q4 2024 earnings