Shares in CrowdStrike Holdings Inc. were flat in after-hours trading today despite the company beating analysts’ predictions for its fiscal first quarter.

For the quarter ended April 30, CrowdStrike reported revenue shot up 70% from a year ago, to $302.8 million, also up from $264.9 million in the previous quarter. Annual recurring revenue jumped 74% year-over-year, to $1.19 billion, of which $143.8 million was new net ARR, including $3.6 million from CrowdStrike’s acquisition of Humio Inc. in February.

The cybersecurity company earned a profit before costs such as stock compensation of $29.8 million, or 10 cents per share, way up from $1.2 million in the same quarter last year. Analysts had predicted a profit of five cents per share on revenue of $291.5 million.

Highlights in the quarter included CrowdStrike adding 1,524 net subscription customers, including 119 from its acquisition of Humio, taking the company’s subscription number to 11,420 customers as of the end of April. CrowdStrike also announced new features for Falcon Horizon Cloud Security Posture Management in the quarter, a cybersecurity product that offers continuous threat detection, monitoring and correlation across cloud and on-premises environments.

Also notable in the quarter was CrowdStrike teaming with Google LLC to offer more efficient hacker detection. As noted on May 10, CrowdStrike’s Falcon platform can now send security information from a company’s environment to Google’s cloud-based Chronicle analytics platform, allowing cybersecurity experts to sift through data for signs of a breach.

“The CrowdStrike name has become synonymous with best-in-class cybersecurity protection and a platform that just works,” George Kurtz, CrowdStrike’s co-founder and chief executive officer, said in a statement. He added that half of the total subscription customers have adopted at least five cloud modules.

Looking forward, CrowdStrike is predicting second-quarter revenue of $318.4 million to $324.4 million and an adjusted profit of seven to nine cents a share. For its full 2022 fiscal year, CrowdStrike predicts revenue of $1.347 billion to $1.365 billion and an adjusted profit of 35 to 41 cents per share.

All the data from CrowdStrike was positive, but after an initial surge after the close of regular trading, investors were seemingly not that interested. As of 8 p.m. EDT, CrowdStrike shares were trading at $216, the same price the shares were sitting at as of the close of regular trading at 4 p.m.

Image: CrowdStrike