June 4 (Reuters) - CrowdStrike Holdings Inc ( CRWD )
forecast second-quarter revenue above market estimates on
Tuesday, helped by strong demand for its cybersecurity offerings
in the wake of growing online challenges spurred by the use of
artificial intelligence (AI).
Shares of the Austin, Texas-based company rose 6.5% after
the bell.
As enterprises have ramped up cybersecurity investments to
protect against rising online threats and AI-driven cyber
attacks, CrowdStrike ( CRWD ) has been able to promote its unified
platform of security services.
The company in May also expanded its partnerships with
Amazon's ( AMZN ) AWS and Google Cloud to further integrate its
security solutions within their cloud services.
CrowdStrike ( CRWD ) now expects revenue in the range of $958.3
million and $961.2 million for the second quarter ending July
31, compared with analysts' average estimates of $954.4 million,
according to LSEG data.
Excluding items, the company expects net income per share
between 98 cents and 99 cents in the quarter, compared with
estimates of 91 cents.
The company also raised its full-year 2025 forecast, now
seeing revenue in the range of $3.98 billion and $4.01 billion,
compared with its previous forecast of $3.92 billion and $3.99
billion.
On an adjusted basis, CrowdStrike ( CRWD ) expects earnings for the
year to be between $3.93 per share and $4.03 per share, up from
its prior forecast of $3.77 and $3.97.
Analysts on average expect 2025 revenue of $3.97 billion and
net income of $3.91 per share.
For the first quarter ended April 30, CrowdStrike ( CRWD ) reported
revenue of $921 million, above analysts' estimates of $904.7
million.
On an adjusted basis, it posted earnings of 93 cents per
share, compared with estimates of 89 cents.
Peer Palo Alto Networks Inc ( PANW ) in May forecast its
fourth-quarter billings largely in line with estimates,
indicating the near-term impact of the firm's attempts to
consolidate its services under a single platform.