CrowdStrike Non-GAAP EPS of $0.57 beats by $0.07, revenue of $692.58M beats by $16.35M
CrowdStrike press release (NASDAQ:CRWD): Q1 Non-GAAP EPS of $0.57  beats by $0.07.
Revenue of $692.58M (+42.0% Y/Y)  beats by $16.35M.
Ending ARR grows 42% year-over-year to reach $2.73 billion, adding $174 million in net new ARR
Delivers record GAAP subscription gross margin of 78% and record non-GAAP subscription gross margin of 80%

CrowdStrikeâs module adoption rates were 62%, 40% and 23% for five or more, six or more and seven or more modules, respectively, as of April 30, 2023.

Q2 Outlook: Total revenue $717.2 - $727.4 million vs. consensus of $718.59M, Non-GAAP income from operations $116.4 - $123.8 million, Non-GAAP EPS $0.54 - $0.57 vs. consensus of $0.54.

2024 Outlook: Total revenue $3,000.5 - $3,036.7 million vs. consensus of $3B, Non-GAAP income from operation $498.9 - $526.2 million, Non-GAAP EPS $2.32 - $2.43 vs. consensus of $2.31.
Shares -10.78%.