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George Kurtz, CEO of Crowdstrike Inc., speaks at the Montgomery summit in Santa Monica, California, United States, Wednesday, March 4, 2020.
Patrick T. Fallon | Bloomberg | Getty images
Cowsterrike Actions dropped by around 5% of prolonged exchanges on Tuesday after the security software manufacturer issued a lower than expected income forecast.
Here is how the company did against the LSEG consensus:
- Profit by action: 73 cents adjusted vs 65 cents expected
- Income: $ 1.10 billion against $ 1.10 billion expected
Income increased by almost 20% in the first tax quarter, which ended on April 30, according to a statement. The company recorded a net loss of $ 110.2 million, or 44 cents per share, against a net profit of $ 42.8 million, or 17 cents per share, in the same quarter of last year.
Costs have increased in sales and marketing as well as research and development and administration, partly due to a Large software clamp Last summer.
For the current quarter, Crowdstrike asked for 82 cents of 84 cents of profit per share on $ 1.14 billion to $ 1.15 billion in income. The analysts interviewed by LSEG expected 81 cents of profit per share and $ 1.16 billion in revenues.
Crowdsstrike has increased its advice for full -year profits, but has maintained its income expectations. The company now sees $ 3.44 at $ 3.56 in profit adjusted per share, with $ 4.74 billion to $ 4.81 billion in income. The LSEG consensus was $ 3.43 per share and $ 4.77 billion in income. The beneficiary guidelines provided in March were $ 3.33 to $ 3.45 in profit adjusted per share.
Also on Tuesday, Crowdsstrike said that he had affected $ 1 billion for share buybacks.
“The acquisition of today’s announced actions reflects our confidence in the future of Crowdsstrike and the unshakable mission to stop violations,” CEO George Kurtz said in the press release.
In May, Crowdsstrike said that Cut 500 employeesThis corresponds to around 5% of its workforce. The company now provides for a margin of cash flow available greater than 30% for financial year 2027, said Burt Podbere, its finance manager, during a conference call with analysts.
From Tuesday’s fence, the action has increased by 43% so far in 2025, while the S&P 500 index had won less than 2%.
