CrowdStrike Jumps 11% on Record Q2 as AI Threats Boost Demand
· Technology · CNBC, MarketWatch
CrowdStrike reported fiscal second-quarter revenue of $1.47 billion, topping Wall Street estimates of $1.44 billion and driving shares up 11% in extended trading. Adjusted earnings per share reached 31 cents, exceeding the 29 cents expected by analysts. CEO George Kurtz attributed the performance to the 'Mythos moment,' referring to Anthropic's release of the advanced Mythos model that has driven mass-market acceptance for AI security tools. Annual recurring revenue rose 25% year over year to $5.84 billion, supported by record net new annual recurring revenue of $333 million. The company raised its full-year revenue outlook to between $5.99 billion and $6.01 billion.
Why it matters
The surge in demand for AI security tools highlights how rapidly proliferating artificial intelligence threats are reshaping corporate cybersecurity budgets and driving record growth for enterprise security providers.
Read the original report — CNBC
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