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Thursday, September 5, 2019

CrowdStrike (CRWD) reported earnings on Thur 5 Sept 19 (a/h)

** charts before earnings **

** charts after earnings **

CrowdStrike beats by $0.05, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY20 EPS and rev above consensus

  • Reports Q2 (Jul) loss of $0.18 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of ($0.23); revenues rose 94.1% year/year to $108.1 mln vs the $103.79 mln S&P Capital IQ Consensus.  ARR of $423.8 million, grew 104% year-over-year
  • Co issues upside guidance for Q3, sees EPS of ($0.12-0.11), excluding non-recurring items, vs. ($0.14) S&P Capital IQ Consensus; sees Q3 revs of $117-119.5 mln vs. $110.98 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY20, sees EPS of ($0.65-0.62), excluding non-recurring items, from ($0.72-0.70) vs. ($0.71) S&P Capital IQ Consensus; raises FY20 revs to $445.4-451.8 mln frin $430-436 mln vs. $435.04 mln S&P Capital IQ Consensus.
  • "We delivered a strong second quarter with rapid subscription revenue growth and record net new ARR generated in the quarter," said George Kurtz, CrowdStrike's co-founder and chief executive officer. "Customer growth accelerated as an increasing number of organizations recognize the power of CrowdStrike's cloud-native Falcon platform to effectively stop breaches and simplify their security stack with our single-agent architecture. We secured a record number of net new subscription customers in the quarter. In addition, as of July 31, 2019, 50% of our subscription customers had adopted four or more cloud modules, underscoring the continued success of our platform strategy."
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