CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares close more than 5% lower on Wednesday following the company’s Q2 results, with EPS coming in at $0.36, better than the Street estimate of $0.28. Quarterly revenue increased 58% year-over-year to $535.2 million, beating the Street estimate of $515.98 million.
The company's emerging modules saw an acceleration in ARR growth to 129% year-over-year behind record Net New ARR for Falcon Identity Protection and Humio. The strong results highlight the underlying resiliency and value of the company’s platform, further reflected in an increased full 2023-year revenue guidance.
For Q3, the company expects EPS in the range of $0.30-$0.32, compared to the Street estimate of $0.28, and revenue in the range of $569.1-575.9 million, compared to the Street estimate of $568.6 million.
Full 2023-year EPS is expected to be in the range of $1.31-$1.33, compared to the Street estimate of $1.20, and revenue in the range of $2.223-2.232 billion, compared to the Street estimate of $2.2 billion.