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CrowdStrike raised its annual revenue and profit forecasts after exceeding third-quarter revenue estimates, driven by growing demand for cybersecurity amid rising online threats. CrowdStrike's third-quarter revenue exceeded expectations, reflecting substantial year-over-year growth. CFO Burt Podbere highlighted strong customer engagement with commitment packages, overcoming challenges from the July 19th incident. CrowdStrike shares dropped 2% in extended trading as its fourth-quarter revenue forecast disappointed investors.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02CrowdStrike raised its annual revenue and profit forecast after exceeding third-quarter
00:07revenue estimates, driven by growing demand for cybersecurity amid rising online threats.
00:12CrowdStrike's third-quarter revenue exceeded expectations, reflecting substantial
00:16year-over-year growth. CFO Burt Podbear highlighted strong customer engagement
00:22with commitment packages, overcoming challenges from the July 19th incident.
00:26CrowdStrike's shares dropped 2% in extended trading,
00:29as its fourth-quarter revenue forecast disappointed investors.

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