Sector: Technology|Industry: Software - Infrastructure|Market Cap: $86.01B|Employees: 7.9K
CrowdStrike is a cybersecurity company that offers cloud-delivered endpoint and workload protection through its Falcon platform. The company's AI-powered platform provides threat detection, response, and intelligence, helping organizations to secure their endpoints, cloud workloads, and identities. CrowdStrike operates in the security sector, serving various industries across the globe.
Q3 revenue reached $1.01 billion, up 29% YoY, driven by a 31% increase in subscription revenue. This indicates continued strong demand for CrowdStrike's platform.
The company reported an operating loss of $55.7 million for Q3, compared to an operating income of $3.2 million in the same period last year. This is primarily due to increased operating expenses.
The company reported a net loss of $16.8 million in Q3, compared to a net income of $26.7 million in the same period last year. This is primarily due to increased operating expenses and a decrease in interest income.