George Kurtz, co-founder and CEO of Crowdastric Holdings Inc., during the Bloomberg Technology Television Interview at the RSA conference in San Francisco on 26 April 2023.
David Paul Morris | Bloomberg | Getty images
Crowdastric The shares fell nearly 9% in the extended business on Tuesday after the cyber security software provider issued disappointing income guidance.
What the company said here compared to LSEG estimates:
- earnings per share: $ 1.03. This number does not appear comparable to the estimates of analysts.
- Income: $ 1.06 billion vs $ 1.03 billion
A year ago, the revenue increased from $ 845.3 million to 25%, and the company posted a net deficit of $ 92.3 billion or 37 cents per share. Over the year-first period, the company posted a net income of $ 53.7 million or 22 cents per share.
For the year, Crowdastric said that it expects earning, except for a few items, between $ 3.33 and $ 3.45 per share, falling down by LSEG voted by analysts voted by LSEG fell below $ 4.42. In the first quarter, the income is expected to be between 64 cents and 66 cents per share, the average estimate of vs 95 cents.
Despite the decline after the hourly, Crowdastrik topped some of the metrics from Wall Street. The company posted $ 4.24 billion in the annual recurring revenue, depicting an increase of 23%. The top annual estimates of $ 4.21 billion from the Analysts surveyed by the Strikint and $ 224 million in the net annual revenue were $ 224 million.
Revenue guidance was almost in accordance with estimates. Crowdastrik stated that it expects revenue between $ 4.74 billion and $ 4.81 billion for the year, vs. LSEG estimates $ 4.77 billion.
About eight months after a technology update from the company, the earnings are released. Leaded for a global IT outage These flights disrupt businesses and lead class action cases.
CEO George Kurtaz said Press release This artificial intelligence is becoming more important in preventing cyber attack.
“As the businesses of all sizes rapidly adopt AI, stopping the breech requires the AI-Mool forum of cyber security,” said Kurtz.
