Crowdstrike fourth quarter (CRWD) 2024

Crowdstrike The shares fell almost 9% in operations extended on Tuesday after the cybersecurity software provider issued a disappointing earnings orientation.

This is what the company reported compared to LSE estimates:

• Profit per action: $ 1.03. The number does not seem to be comparable to analysts’ estimates.
• Revenue: $ 1.06 billion compared to $ 1.03 billion

The income increased 25% of $ 845.3 million the previous year, and the company registered a net loss of $ 92.3 billion, or 37 cents per share. In the period of the previous year, the company registered net income of $ 53.7 million, or 22 cents per share.

For the year, Crowdstrike said that he hopes that the profits, excluding some articles, range between $ 3.33 and $ 3.45 per share, that do not reach the $ 4.42 expected by the analysts surveyed by LSE. The first quarter is expected to be between 64 cents and 66 cents per share, compared to the average estimate of 95 cents.

Despite the fall after the hours, Crowdstrike exceeded some Wall Street metrics. The company registered $ 4.24 billion in annual recurring income, reflecting a growth of 23%. That exceeded the estimate of $ 4.21 billion of analysts surveyed by Streetaccunt and included $ 224 million in annual net income.

Income orientation was approximately in line with estimates. Crowdstrike said that he expects income of between $ 4.74 billion and $ 4.81 billion for the year, compared to an LSE estimate of $ 4.77 billion.

The launch of the profits occurs almost eight months after a technological update of the company. led to a global Ti interruption That founded flights, interrupted the companies and led to collective demands.

CEO George Kurtz said in the Press release This artificial intelligence is becoming more important to stop cyber attacks.

“As companies of all sizes quickly adopt the AI, stopping the rape requires the native platform of Cybersecurity AI,” Kurtz said.