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00:03CrowdStrike beat third-quarter expectations with revenue slightly above $1.23 billion
00:07and adjusted earnings of 96 cents per share, according to Benzinga.
00:12Total revenue rose 22% year-over-year.
00:15Subscription revenue grew 21% to $1.17 billion,
00:19and annual recurring revenue increased 23% to $4.92 billion
00:24after the company added $265.3 million in net new ARR.
00:30Net cash from operations reached $397.5 million,
00:34and free cash flow was $295.9 million.
00:39CrowdStrike CEO George Kurtz said the company is driving secure AI transformation
00:43and called the third quarter one of its best ever.
00:46CrowdStrike raised both its full-year revenue and adjusted earnings outlooks
00:50and issued fourth-quarter guidance above expectations.
00:53Shares traded at $518 in after hours, up 0.28% at publication.
00:58For all things money, visit Benzinga.com.
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