CrowdStrike Holdings, Inc. posted Q2 results, with adjusted earnings and revenues beating Wall Street estimates, according to a press release by CrowdStrike on Tuesday.

  • CrowdStrike’s second-quarter loss widened to $57.3 million ($0.25 per share) from $29.9 million ($0.14 per share) last year.
  • Revenues for the quarter rose 70% to $337.7 million from $199.0 million last year. Subscription revenue was $315.8 million, a 71% increase from last year.
  • Yearly recurring revenues rose 70% YoY and increased to $1.34 billion as of July 31, 2021, of which $150.6 million was the net new ARR added in the quarter.
  • The gross subscription margin was 76%, the same as last year. The company added 1,660 net new subscription customers in the quarter for a total of 13,080 subscription customers, representing 81% growth YoY.

Looking forward to Q3, CrowdStrike expects adjusted earnings of $0.08 to $0.10 per share and revenue of $358.0 million to $365.3 million. For the full year 2022, the company expects adjusted earnings of $0.43 to $0.49 per share and revenues of $1.39 billion to $1.41 billion.

CRWD down -1.88%