CrowdStrike Beats Q2 Earnings Estimates, Soft Revenue Guidance Weighs On Shares

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported financial results for the second quarter after the market close on Wednesday. Here’s a rundown of the cybersecurity company’s report.

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Q2 Highlights: CrowdStrike reported second-quarter revenue of $1.17 billion, beating analyst estimates of $1.15 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of 93 cents per share, beating estimates of 83 cents per share.

Total revenue was up 21% year-over-year in the second quarter, and subscription revenue grew 21% to $1.10 billion. Annual recurring revenue increased 20% year-over-year to $4.66 billion after the company added $221.1 million of net new ARR in the quarter.

Net cash generated from operations was $332.8 million and free cash flow came in ...