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1. Demand
- Beat revenue estimates by 1% & beat guidance by 1.3%.
- Beat annual recurring revenue (ARR) estimates by 2.8%. Some data sources had higher estimates which CrowdStrike slightly beat. This ARR performance was also ahead of CrowdStrike’s implied guidance.
2. Profitability
- Beat EBIT estimates by 30% & beat guidance by 30%.
- Beat $0.56 EPS estimates & guidance by $0.18.
- Beat FCF estimates by 4.8%.
3. Annual Guidance
- Raised revenue guidance by 0.5% & beat estimates by 0.4%. This represents about 35.5% Y/Y growth.
- Raised EBIT guidance by 18.2% & beat estimates by 18%.
- Raised $2.38 EPS guidance by $0.42 & beat estimate by $0.40.
- Reiterated 30% FCF margin guidance for the year.
- Reiterated 2% dilution for this year and under 3% next year as it re-ramps hiring. Important.
Next quarter guidance was slightly ahead on revenue and well ahead on profit metrics.
4. Balance Sheet
- $3.17B in cash & equivalents.
- $740M in debt.
- Diluted shares up 4.3% Y/Y; basic shares up 2.2% Y/Y.