Investing.com -- Cybersecurity company CrowdStrike (NASDAQ:CRWD) raised its full-year guidance Tuesday following first-quarter results that beat on the top and bottom lines as the AI-led data boom continued to underpin cybersecurity adoption.
CrowdStrike lifted its guidance on performance for fiscal 2025, forecasting adjusted EPS of $3.93 to $4.03 and revenue of $3.98 billion to $4.01 billion, that was above the prior forecast for EPS of $3.77 to $3.97 on revenue of $3.92 billion to $3.99 billion.
Crowdstrike (NASDAQ:CRWD) was up 4% in afterhours trading.
For the three months ended Apr. 30, Crowdstrike reported adjusted earnings of $0.93 a share on revenue of $921 million, beating analyst estimates for earnings of $0.89 on revenue of $904.56 million.
The better-than-expected results were attributed to "strong execution and platform adoption as customers increasingly consolidate on the Falcon platform," the company said.
Annual recurring revenue – a measure of performance of its subscription businesses – rose 33% year over year.
Non-GAAP subscription gross margin was 78%, unchanged from the same period a year earlier.
For the second quarter, the company expects an adjusted EPS of $0.98 to $0.99 on revenue in a range of $958.3M to $961.2M. That was above Wall Street estimates for adjusted EPS of $0.91 on revenue of $954.6M
.