Categories AlphaGraphs, Earnings, Technology

Infographic: CrowdStrike (CRWD) swings to Q4 profit on higher revenues

Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD) reported profit for the fourth quarter of 2021, compared to a loss last year. Revenues rose 74% aided by the digital transformation spree. The results also surpassed the market’s projection.

CrowdStrike Q4 2021 earnings infographic

The tech firm reported earnings of $0.13 per share for the January-quarter, on an adjusted basis, marking an improvement from last year’s $0.02 per share loss. The latest number also came in above the consensus forecast. On an unadjusted basis, the company reported a loss of $19 million or $0.09 per share, compared to a loss of $28.4 million or $0.14 per share in the fourth quarter of 2020.

The positive bottom-line performance was driven by a 74% growth in revenues to $265 million, exceeding the Street view. At $245 million, subscription revenue was up 77%.

Read management/analysts’ comments on CrowdStrike’s Q4 results

CrowdStrike’s market value increased four-fold in the past twelve months, continuing the uptrend that started after last year’s IPO. The stock closed Tuesday’s regular session lower but gained in the after-hours following the announcement.

  • CrowdStrike reports Q2 2021 earnings results

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

360 DigiTech (NASDAQ: QFIN) Q3 2021 Research Summary

The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online

Activision Blizzard (ATVI): Three reasons why this stock deserves to be on your radar

Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news

IPO Alert: Here’s all you need to know about Remitly Global’s upcoming market debut

The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business

Add Comment
Viewing Highlight