First-quarter net income, excluding special items, rose to $0.31 per share from $0.10 per share a year earlier, surpassing the consensus forecast. On an unadjusted basis, it was a net loss of $31.5 million or $0.14 per share, compared to a loss of $85.0 million or $0.38 per share in the first quarter of 2022.
The positive earnings performance, on an adjusted basis, reflects a 61% increase in first-quarter revenues to $487.8 million, which also came in above the market’s prediction.
Check this space to read management/analysts’ comments on CrowdStrike’s Q1 earnings
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Shares of CrowdStrike declined during Thursday’s extended trading, after closing the regular session higher.