By Connor Hart
CrowdStrike swung to a loss in its fiscal fourth quarter due to higher expenses, while sales jumped as companies seek to protect their newly adopted artificial intelligence technologies.
The Austin, Texas, cybersecurity company on Tuesday posted a loss of $92.3 million, or 37 cents a share, for its three months ended Jan. 31, compared with a profit of $53.7 million, or 22 cents a share, a year earlier.
Adjusted per-share earnings were $1.03, topping the 86 cents that analysts surveyed by FactSet expected.
Revenue increased 25% to $1.06 billion. Analysts modeled $1.03 billion.
Annual recurring revenue rose 23% to $4.24 billion, of which $224.3 million was net new ARR added in the quarter. The figure just beat analyst expectations for annual recurring revenue of $4.21 billion.
The company's bottom line was weighed down by higher expenses, including for sales and market and research and development. Total operating expenses rose to $870 million from about $607 million a year earlier.
For its fiscal first quarter, ending April 30, CrowdStrike forecast revenue of $1.1 billion to $1.11 billion, in line with the expectations of analysts surveyed by FactSet. The company said it expects adjusted per-share earnings of 64 cents to 66 cents, compared with analyst views for 95 cents.
In its fiscal 2026, the company guided for adjusted per-share earnings of $3.33 to $3.45 on revenue of $4.74 billion to $4.81 billion. Analysts modeled adjusted earnings of $4.40 on sales of $4.77 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 04, 2025 16:32 ET (21:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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