Shares in CrowdStrike Holdings Inc. rose 7% in late trading today after the cybersecurity company reported earnings, revenue and outlook beats in its fiscal 2025 first-quarter financial results.

For the quarter that ended on April 30, CrowdStrike reported adjusted earnings per share of 93 cents, up from 57 cents in the same quarter of the previous year, on revenue of $921 million, up 33% year-over-year. Both were beats, as analysts were expecting 89 cents per share on revenue of $904.56 million.

Customer acquisition drove the beats, as the company’s annual recurring revenue grew 33% year-over-year, to $3.65 billion as of April 30. The figure included $211.7 million in new net annual recurring revenue added in the quarter.

Cash flow generated from operations in the quarter came in at $383.2 million, up from $300.9 million in the first quarter of fiscal 2024. CrowdStrike ended the quarter with $3.7 billion in cash and cash equivalents on hand.

Recent business highlights include the announcement of a strategic partnership with Nvidia Corp. in March to deliver Nvidia artificial intelligence computing on the CrowdStrike Falcon XDR platform. The partnership sees CrowdStrike Falcon data combined with Nvidia’s graphics pocessing unit-optimized AI pipelines and software, including Nvidia NIM microservices, to deliver custom and secure generative AI model creation to both CrowdStrike and Nvidia customers.

In April, CrowdStrike announced that it had expanded its existing partnership with Google Cloud to stop breaches across multicloud and multivendor environments. Under the expanded partnership, artificial intelligence-powered cloud services from Google Cloud and proactive threat-hunting capability from the CrowdStrike Falcon XDR platform will be offered together to give customers the tools they need to stop breaches across any cloud or vendor.

“The CrowdStrike team delivered another exceptional quarter driven by strong execution and platform adoption as customers increasingly consolidate on the Falcon platform,” Chief Financial Officer Burt Podbere said in the company’s earnings release. “In addition to our strong top-line performance, financial highlights included record gross margin, significant year-over-year operating leverage, record free cash flow of $322 million or 35% of revenue and a rule of 68 on a free cash flow basis, showcasing our focus on profitably scaling the business to $10 billion ending ARR and beyond.”

For its fiscal 2025 second quarter, CrowdStrike expects adjusted earnings per share of 98 to 99 cents on revenue of $958.3 million. Analysts had been expecting a revenue outlook of $955 million. For the full year, CrowdStrike raised full-year revenue guidance to $3.993 billion at the midpoint, up from its earlier outlook of $3.957 billion.

Elia Zaitsev, CrowdStrike’s chief technology officer, spoke with theCUBE, SiliconANGLE Media Inc.’s video studio, in May, when he discussed the company’s next-generation security information and event management amid increasing calls for security consolidation:

Photo: CrowdStrike