05:45 AM EDT, 06/05/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

CrowdStrike ( CRWD ) shares were up 7% in premarket activity on Wednesday after the company reported a stronger-than-expected jump in fiscal Q1 earnings as sales surged more than forecast and raised its fiscal 2025 guidance.

The company reported fiscal Q1 non-GAAP earnings late Tuesday of $0.93 per diluted share, up from $0.57 a year ago.

Analysts polled by Capital IQ expected $0.89.

Revenue for the quarter ended April 30 was $921.0 million, up from $692.6 million a year earlier.

Analysts surveyed by Capital IQ expected $904.8 million.

The company said it expects Q2 non-GAAP EPS of $0.98 to $0.99 and revenue of $958.3 million to $961.2 million.

Analysts polled by Capital IQ expect 0.91 and $956.3 million, respectively.

The company said it now expects fiscal 2025 non-GAAP EPS to be between $3.93 and $4.03 and revenue to be between $3.98 billion and $4.01 billion.

Its previous guidance was for non-GAAP EPS of $3.77 to $3.97 and revenue of $3.93 billion to $3.99 billion.

Analysts surveyed by Capital IQ expect $3.92 and $3.98 billion, respectively.

Price: 326.21, Change: +20.63, Percent Change: +6.99