CrowdStrike Holdings (CRWD) shares traded dramatically as higher as 12.1% to $159 in the after-market trading, following the cloud-based security software provider reported stronger-than-expected financial performance.
CrowdStrike (CRWD) posted sales of $232.5 million for its fiscal third quarter ended October 31, up to 86 percent from a year earlier, and well ahead of its guidance range of $210.6 million to $215 million. Non-GAAP profits of 8 cents a share were announced by the firm, topping its guidance range between break-even and a loss of a penny a share. There was $907.4 million in annual recurring sales, up 81 percent from the same point a year ago.
CrowdStrike has sales of $245.5 million to $250.5 million for the January period, with a non-GAAP profit of 8 to 9 cents a share, ahead of the previous Street deal at $230.3 million and a penny a share.
CrowdStrike raised its full-year outlook to come between $855 million and $860 million in sales and 21 to 22 cents a share in non-GAAP earnings, from a previous forecast of $809.1 million to $826.7 million and 2 to 8 cents a share in non-GAAP income.
CrowdStrike’s CFO Burt Podbere added that for the third consecutive quarter, CrowdStrike reported non-GAAP operational profitability and created positive operating and free cash flow for the fifth straight quarter.