CrowdStrike reported strong fiscal second-quarter results that exceeded Wall Street forecasts, driving the stock up more than 11% in extended trading. The cybersecurity company posted revenue of $1.17 billion in the year-ago period, which increased 26% in the most recent quarter. Net income reached $5.3 million, or 1 cent per share, compared to a net loss of $70.2 million or 7 cents per share in the prior-year period.
Chief Executive Officer George Kurtz characterized the quarter as the strongest in company history, noting that heightened adoption of artificial intelligence among enterprises is driving demand for advanced security tools. Anthropic’s introduction of its Mythos model, which demonstrated the ability to identify previously undiscovered software vulnerabilities, has intensified focus on cybersecurity solutions across the industry. Kurtz stated that the company’s Falcon Flex offering, which enables customers to deploy and interchange different security products, more than doubled from the previous year.
Annual recurring revenue climbed 25% year over year to $5.84 billion, with the company recording record net new annual recurring revenue of $333 million. The Falcon Flex accounts contributed significantly to the quarter’s performance, with 935 new accounts added and these customers representing the top 10 deals by transaction value. Finance Chief Burt Podbere indicated that the platform approach allows customers to achieve improved security outcomes at reduced costs.
Looking ahead, CrowdStrike raised its full-year revenue guidance to between $5.99 billion and $6.01 billion, exceeding the prior analyst estimate of $5.93 billion. The company also lifted full-year adjusted earnings per share guidance to between $1.25 and $1.26, surpassing the $1.23 estimate. For the upcoming quarter, management projected revenue between $1.52 billion and $1.53 billion and adjusted earnings per share of 31 cents, which aligned with market expectations. The stock has appreciated more than 61% during the year, buoyed by widespread industry adoption of artificial intelligence technologies.
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