.August 29, 2024 04:00:00 PM

CrowdStrike Holdings (NASDAQ:CRWD) saw its stock rise 8% after reporting second-quarter results that beat expectations. Earnings per share were $1.04, higher than the expected $0.97. Revenue for the quarter reached $963.9 million, surpassing the forecast of $958.32 million, marking a 32% increase year-over-year.

The company’s Annual Recurring Revenue (ARR) grew by 32% year-over-year to $3.86 billion, with $217.6 million in net new ARR added in the quarter. Subscription revenue, the main source of earnings, rose by 33% to $918.3 million.

Despite the strong performance, CrowdStrike’s full-year guidance was below analyst expectations. The company anticipates adjusted EPS between $3.61 and $3.65 for 2025, falling short of the expected $3.88. Revenue is projected to be between $3.89 billion and $3.9 billion, missing the $3.95 billion estimate.