** before earnings **
** charts after earnings **
CrowdStrike beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs below consensus
- Reports Q3 (Oct) earnings of $0.40 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $0.32; revenues rose 52.8% year/year to $580.88 mln vs the $575.06 mln S&P Capital IQ Consensus.
- Added 1,460 net new subscription customers in the quarter for a total of 21,146 subscription customers as of October 31, 2022, representing 44% growth year-over-year.
- Annual Recurring Revenue (ARR) increased 54% year-over-year and grew to $2.34 billion as of October 31, 2022, of which $198.1 million was net new ARR added in the quarter.
- Co added, "[T]otal net new ARR was below our expectations as increased macroeconomic headwinds elongated sales cycles with smaller customers and caused some larger customers to pursue multi-phase subscription start dates, which delays ARR recognition until future quarters."
- Co issues mixed guidance for Q4, sees EPS of $0.42-0.45, excluding non-recurring items, vs. $0.34 S&P Capital IQ Consensus; sees Q4 revs of $619.1-628.2 mln vs. $634.19 mln S&P Capital IQ Consensus.
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