CrowdStrike $CRWD -2.78% Holdings swung to a first-quarter profit and raised its fiscal 2027 outlook on Wednesday, but the stock fell about 11% in after-hours trading.
Measuring against the prior-year period's loss of $104.3 million, or 42 cents per share, the quarter ended April 30 saw the cybersecurity company earn $27.8 million in net income, equal to 11 cents per share. Adjusted earnings came in at $1.10 per share. That topped analyst expectations of $1.07 per share, according to CNBC.
Total revenue rose 26% to $1.39 billion, ahead of analyst estimates of $1.36 billion, according to CNBC. The quarter brought in $255.8 million in net new ARR, pushing the company's annual recurring revenue figure up 24% to $5.51 billion.
Looking ahead to the full fiscal year 2027, management lifted its total revenue target to a range of $5.91 billion to $5.96 billion, revising upward from the previous forecast of $5.87 billion to $5.93 billion. Adjusted earnings guidance was similarly revised higher, moving to $4.88 to $4.96 per share from what had been a range of $4.78 to $4.90. Second-quarter targets set by the company call for roughly $1.44 billion in revenue alongside adjusted earnings in the range of $1.16 to $1.17 per share.
