CrowdStrike Beats Q3 Earnings, Revenue Estimates; Cybersecurity Company Highlights 'Incredible Success' Retaining Customers Following IT Outage

Quick Summary:

Q3 Earnings: CrowdStrike reported third-quarter revenue of $1.01 billion, beating the consensus estimate of $982.36 million. The cybersecurity company reported adjusted earnings of $93 cents per share, beating analyst estimates of 81 cents per share.

Annual recurring revenue increased 27% year-over-year to $4.02 billion after the company added $153 million of net new ARR in the quarter.

CrowdStrike has exceeded analyst estimates in every quarter since going public in 2019, according to data from Benzinga Pro.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United StatesSwitzerland

Topics: Tech Benzinga Why it's moving After-Hours Center Cybersecurity CRWD George Kurtz Movers Guidance Earnings News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 21:33:47 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23898131

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