(Reuters) – CrowdStrike Holdings Inc on Tuesday forecast second-quarter sales that would beat market expectations, helped by strong demand for its cybersecurity products due to a rise in online threats fuelled by artificial intelligence.
Shares of the Austin, Texas-based company rose 6.5% after the close of trading.
As businesses increase investments in cybersecurity to combat the rise in online threats and AI-powered cyberattacks, CrowdStrike has been promoting its integrated platform of security services.
In May, the company expanded its partnerships with Amazon's AWS and Google Cloud to further integrate its security solutions within their respective cloud services.
CrowdStrike expects revenue in the range of $958.3 million to $961.2 million for the second quarter ending July 31, compared with the average analyst forecast of $954.4 million, according to LSEG data.
The company now expects quarterly net income per share, excluding special items, to be 98 cents to 99 cents, above its forecast of 91 cents.
The company also raised its full-year 2025 revenue guidance, now seeing it in the range of $3.98 billion to $4.01 billion, compared to its previous guidance of $3.92 billion to $3.99 billion.
On an adjusted basis, CrowdStrike now expects earnings of $3.93 to $4.03 per share this year, up from a previous forecast of $3.77 to $3.97.
Analysts, on average, expect 2025 revenue of $3.97 billion and net income per share of $3.91.
For the first quarter ended April 30, CrowdStrike reported revenue of $921 million, beating analysts' expectations of $904.7 million.
On an adjusted basis, the company earned 93 cents a share, compared with expectations of 89 cents.
Rival Palo Alto Networks said in May it expected fourth-quarter revenue to be roughly in line with expectations, pointing to a short-term impact from its efforts to consolidate its services onto a single platform.
(Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore)
