Categories AlphaGraphs, Earnings, Technology
CRWD Earnings: A snapshot of CrowdStrike’s Q4 2023 report
Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD) reported higher adjusted earnings and revenues for the fourth quarter of 2023.
Fourth-quarter net income, excluding special items, rose to $0.47 per share from $0.30 per share a year earlier. On an unadjusted basis, it was a net loss of $47.5 million or $0.20 per share, compared to a loss of $41.9 million or $0.18 per share in the fourth quarter of 2022.
The positive earnings performance, on an adjusted basis, reflects a 48% increase in fourth-quarter revenues to $637.4 million, with strong contributions from the core Subscription division.
Check this space to read management/analysts’ comments on quarterly reports
CrowdStrike’s chief financial officer Burt Podbere said, “CrowdStrike delivered an exceptional fourth quarter and strong finish to the year. We remain focused on delivering increased operating leverage while continuing our thoughtful, disciplined and strategic approach to investing in innovation and market share expansion to capture the massive opportunities we see ahead for CrowdStrike.”
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q3 2024 revenue and adj. profit top expectations
Intuit Inc. (NASDAQ: INTU) Thursday reported an increase in adjusted earnings and revenues for the third quarter of 2024. The results also exceeded analysts' estimates. At $6.74 billion, the Mountain
After blowout quarter, Nvidia (NVDA) looks set to continue riding the AI wave
Shares of NVIDIA Corporation (NASDAQ: NVDA) rallied this week after the semiconductor giant reported robust first-quarter numbers. Being a first mover in artificial intelligence chips, the company is spearheading the
Target Corp. (TGT): A brief look at the retailer’s performance in Q1 2024
Shares of Target Corporation (NYSE: TGT) rose over 1% on Thursday. The stock has dropped over 11% in the past one month. The company delivered mixed results for the first