CrowdStrike Holdings, Inc. announced its fourth-quarter earnings for fiscal 2024, revealing a revenue of $682.8 million, which marked a 37% year-over-year increase. Although the earnings per share (EPS) were reported at $0.73, exceeding analysts’ expectations, the stock experienced a dip following the announcement, closing down 10% in after-hours trading. Analysts had anticipated earnings of $0.72 per share on revenue of $683 million. CrowdStrike’s co-founder and CEO, George Kurtz, stated, “Our record results demonstrate the strength of our platform and our ability to capitalize on the growing demand for our security solutions.” The company also provided guidance for the first quarter of the upcoming fiscal year, forecasting a revenue range between $688 million and $694 million, which is below analysts’ expectations of $698 million. This cautious outlook has led to a mixed reaction in the market, with some investors expressing concern over the slowing growth compared to previous quarters. The cybersecurity firm also mentioned plans to expand its product lineup, introducing new features to enhance its platform’s capabilities. Overall, despite strong current earnings, the tempered forecasts could indicate a cautious approach to future growth, highlighting the dynamic nature of the cybersecurity sector.
CrowdStrike Reports Q4 Earnings for Fiscal 2024, Forecasts Revenue Growth Amid Mixed Market Reaction
