Cybersecurity firm CrowdStrike reported adjusted EPS of $1.10 and revenue of $1.39 billion, exceeding expectations amid AI-driven growth.
CrowdStrike surpassed Wall Street estimates for its fiscal first quarter, posting adjusted earnings of $1.10 per share and revenue of $1.39 billion. Analysts had expected $1.07 per share and $1.36 billion in revenue. The company cited a 26% year-over-year revenue increase, driven by rising demand for AI-powered cybersecurity tools.
Net income reached $27.8 million, or 11 cents per share, compared to a net loss of $104.3 million, or 42 cents per share, in the same period last year. CrowdStrike also announced a four-for-one stock split, reflecting confidence in its growth trajectory.
Despite the strong results, shares fell 9% in after-hours trading, closing at $747.61. CEO George Kurtz attributed the performance to the intersection of cybersecurity and AI, calling it a “Mythos moment” for the industry.