Description
⋅ CrowdStrike reported earnings last night.
Revenue were in line with Factset expectation but Earnings came in higher than expected.
Revenue Y/Y grew around 33%.
Annual Recurring Revenue growth increased 34%.
Net new ARR growth accelerates to 27% year-over-year and reaches a record $282 million
Earnings for 1Q were raised.
Stops would be below 320 and expecting this to have huge volume and momentum in the coming days.
According to senior management, there has been customers moving over from other competitors to CrowdStrike.
Goodluck!