04:43 PM EDT, 06/04/2024 (MT Newswires) -- CrowdStrike ( CRWD ) late Tuesday reported stronger-than-expected fiscal first-quarter results and raised its full-year financial outlook.

The cybersecurity company's adjusted earnings advanced to $0.93 a share during the quarter through April 30 from $0.57 the year before, surpassing the Capital IQ-polled consensus of $0.89. Revenue surged 33% to $921 million, beating analysts' $904.8 million estimate.

CrowdStrike's ( CRWD ) stock price was up 4% in after-hours trade.

Subscription revenue jumped 34% to $872.2 million, while professional services rose to $48.9 million from $41.4 million.

CrowdStrike ( CRWD ) now projects fiscal 2025 adjusted EPS to come in between $3.93 and $4.03, up from the prior $3.77 to $3.97 outlook. The company said it expects revenue of $3.98 billion to $4.01 billion, compared with $3.92 billion to $3.99 billion previously estimated. The consensus among analysts on Capital IQ is for normalized EPS of $3.92 and sales of $3.98 billion.

For the fiscal second quarter, CrowdStrike ( CRWD ) expects adjusted EPS of $0.98 to $0.99 and revenue in a range of $958.3 million to $961.2 million. The Street is looking for $0.91 and $956.3 million, respectively.

Price: 320.51, Change: +14.93, Percent Change: +4.89