Shares of CrowdStrike Holdings Inc. (CRWD) rꦇose sharply Wednesday after the cybersecurity company reported strong quarterly results and boosted its outlook on surging subscription revenue.

CrowdStrike posted fiscal third-quarter 2024 profit of 82 cents per share, double the 40 cents earned in the year-ago quarter, with revenue rising 35% to $786 million. Both results were above estimates. Subscription sales jumped 34% to $733.5 million in the period ended Oct. 31.

The company reported that net new annual recurring revenue (ARR) from subscriptions, or revenue annualized over 12 months, reached a record $223 million, and ending ARR exceeded $3 billion, which CEO George Kurtz said made CrowdStrike the only pure-play 澳洲幸运5官方开奖结果体彩网:cybersecurity vendor to reach that level.

澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Burt Podbere added that the company is targeting ARR of $10 billion in the next five💧 to seven years.

CrowdStrike now sees full-year 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.95 to $2.96 and revenue of about $3.05 billion, compared with its earlier forecast of EPS of $2.80 to $2.84 and revenue in the range of $3.03 billion to $3.04 billion.

CrowdStrike Holdings shares were up more than 10% in early afternoon trading, at their hi🅰ghest point since April 2022.