CrowdStrike Surpasses Estimates with AI-Driven Cybersecurity Growth
CrowdStrike Holdings Inc. delivered a robust third-quarter performance, with revenue climbing 22% year-over-year to $1.23 billion. The cybersecurity leader's annual recurring revenue reached $4.92 billion, reflecting accelerating demand for its AI-enhanced threat detection platforms.
Fourth-quarter guidance of $1.29-$1.30 billion exceeded analyst projections by 5.7%, while full-year revenue expectations were raised to $4.80-$4.81 billion. The company generated record operating cash FLOW of $397.5 million, signaling strong execution following last year's software update challenges.
Enterprise adoption of CrowdStrike's Falcon platform continues gaining momentum, with net new ARR growing 23% annually. The results underscore how cybersecurity remains recession-resilient as organizations prioritize cloud-native protection against increasingly sophisticated threats.
