CrowdStrike reported first quarter results for its fiscal 2024 year, beating on the top and bottom lines, as China-related cyber concerns mount.
results for its fiscal 2024 on Wednesday, beating consensus estimates on the top and bottom lines but sending shares down 11% after hours on slowing revenue growth.
The 42% year-over-year revenue increase was slower than the 61% growth it reported in the year-ago quarter. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago.
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