Shares in CrowdStrike Holdings Inc. surged in late trading after the cybersecurity company smashed both fiscal fourth-quarter expectations and offered an encouraging outlook.

For the quarter ended Jan. 31, CrowdStrike reported a profit before costs such as stock compensation net income of $70.4 million, or 30 cents per share, compared with an adjusted profit of $31.6 million, or 13 cents per share, in the same quarter of fiscal 2021. Revenue jumped 63%, to $431 million.

Analysts had expected an adjusted profit of 20 cents per share on revenue of $411 million. For CrowdStrike’s full fiscal year 2022, adjusted profit was $160.3 million, or 67 cents per share, on revenue of $1.45 billion, up 66% year-over-year.

Recent highlights in the quarter for the company, which among other services offers an identity threat protection suite, included adding 1,638 net new subscription customers in the quarter. The added customers took CrowdStrike’s total customer base to 16,325, up 65% year-over-year.

CrowdStrike also announced its new Falcon unified security platform in January. Jessica Alexander, vice president of cloud product sales and alliances at CrowdStrike, spoke to theCUBE, SiliconANGLE Media’s livestreaming studio, about the release. Alexander discussed how CrowdStrike’s fully integrated breach prevention platform protects cloud workloads across Amazon Web Services Inc. cloud and edge environments and ensures a secure cloud migration journey for AWS customers.

Other notable achievements in the quarter included CrowdStrike launching Falcon Zero Trust Assessment on macOS and Linux platforms. That extended CrowdStrike’s comprehensive protection with an identity and data-centric approach across all major platforms.

“Net new ARR of $217 million in the quarter was a new all-time high, driven by the expansion of our leadership in the core endpoint market as well as a record quarter for cloud, identity protection and Humio,” George Kurtz (pictured), CrowdStrike’s co-founder and chief executive officer, said in a statement. “Our durable platform model and powerful innovation engine have translated into a truly differentiated offering in the market and strong momentum heading into fiscal year 2023.”

Looking forward into fiscal 2023, CrowdStrike is predicting a first-quarter adjusted profit of $52 million to $56.7 million, or 22 to 24 cents per share, on revenue of $458.9 million to $465.4 million. For the full fiscal year, CrowdStrike predicts adjusted income per share of $1.03 to $1.13 on revenue of $2.133 billion to $2.163 billion.

Wall Street analysts were not even close, having predicted a first-quarter adjusted profit of 17 cents a share on revenue of $440.3 million. For the full fiscal year, analysts had expected an adjusted profit of 90 cents a share on revenue of $2 billion.

Having smashed expectations, CrowdStrike was very much liked by investors. The company’s share price rose almost 14% after the bell.

Image: CrowdStrike