Categories AlphaGraphs, Earnings, LATEST, Technology

CrowdStrike (CRWD) Earnings: Q2 results beat amid COVID-driven demand growth

Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Tuesday reported higher earnings and revenues for the second quarter of 2022 as demand conditions remained favorable due to pandemic-driven digital transformation and cloud adoption. The results also beat the estimates.

CrowdStrike Q2 2022 earnings infographic

Second-quarter net income, excluding special items, rose to $0.11 per share from $0.03 per share a year earlier, surpassing the consensus forecast. On an unadjusted basis, it was a net loss of $57.30 million or $0.25 per share, compared to a loss of $29.9 million or $0.14 per share in the second quarter of 2021.

The positive earnings performance reflects a 70% increase in second-quarter revenues to $337.7 million, which also came in above the market’s prediction.

Read management/analysts’ comments on CrowdStrike’s Q2 earnings

Shares of CrowdStrke declined during Tuesday’s extended trading, after closing the regular session lower.

Prior Performance

  • CrowdStrike Q1 2022 earnings
  • CrowdStrike reports Q2 2021 earnings results


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Microsoft (MSFT) becomes a compelling buy after strong earnings, Activision deal

Microsoft Corp. (NASDAQ: MSFT) is one of the most innovative technology companies, constantly transforming the business to align with the rapidly changing digital economy. While aggressively participating in the digital

Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates

Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

Add Comment
Viewing Highlight