In its third-quarter performance, CrowdStrike reported a notable 29% increase in revenue year-over-year, exceeding $1 billion. The cybersecurity giant’s annualized recurring revenue saw an impressive jump of 27%, totaling over $4 billion, driven by enhanced adoption rates of its cybersecurity software modules.
The company updated its full-year revenue guidance to a range of $3,923.8 million to $3,930.5 million, up from the previous $3,890.0 million to $3,902.2 million. Additionally, its adjusted earnings per share (EPS) guidance increased to a range between $3.74 and $3.76 from a prior range of $3.61 to $3.65.
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