The corporate reporting period has is going.
Last week, 9 companies from the S&P 500 index reported.
Today, we are going to analyze the results of Crowdstrike Holdings. Its revenue amounted to $1.0B. It grew by +6.4% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +2.8%. Let’s analyze the company’s business in more detail.
Crowdstrike Holdings is a Texas-based IT company specializing in next-generation cybersecurity solutions. CrowdStrike’s main offering is the Falcon platform, which offers enterprises a single tool to detect and respond to security threats attacking their IT infrastructure.
The company’s revenues increased by +32% year-on-year. In the reporting quarter, the company developed a partnership with 1Password to simplify security for 150,000 customers, with a focus on small and medium-sized businesses. Also, Crowdstrike Holdings was named a leader in the Gartner Magic Quadrant among cybersecurity companies for the fifth time in a row.
Costs of production account for 25% of the revenue structure, and gross revenue for 75%. For the last quarter, the company suffered a loss of $16.0M and its market capitalization is $85.6B.
After the publication of the report, Crowdstrike Holdings shares fell by -4.7% to $345 per share. Market participants are dissatisfied with the company’s financial results and react negatively to the company’s development prospects.
*surprise – % ratio between actual and expected revenue
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
