AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — CrowdStrike Holdings Inc. (CRWD) on Wednesday reported fiscal first-quarter profit of $27.8 million.
On a per-share basis, the Austin, Texas-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The cloud-based security company posted revenue of $1.39 billion in the period, which also beat Street forecasts. Fourteen analysts surveyed by Zacks expected $1.36 billion.
For the current quarter ending in July, CrowdStrike expects its per-share earnings to range from $1.16 to $1.17.
The company said it expects revenue in the range of $1.44 billion for the fiscal second quarter.
CrowdStrike expects full-year earnings in the range of $4.88 to $4.96 per share, with revenue ranging from $5.91 billion to $5.96 billion.
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