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CrowdStrike (NASDAQ:CRWD) shares rose 3.4% in extended trading on Wednesday after the cybersecurity company reported second-quarter results that topped expectations and slightly tweaked its full-year guidance in response to last month’s global outage.
For the period ending July 31, CrowdStrike said it earned $1.04 per share on an adjusted basis, as revenue came in at $963.9M. Included in that was $918.3M from subscription and $45.6M from professional services revenue.
Zscaler (ZS), SentinelOne (S), Fortinet (FTNT) and several other cybersecurity stocks rose on the back of the results.
A consensus of analysts expected the company to earn $0.97 per share on $958.32M in revenue.
Seeking Alpha analyst Michael Del Monte said the results provide that last month’s outage did not impact the company’s results “as severely as expected.”
The company also addressed last month’s global outage and said it now sees full-year adjusted earnings between $3.61 and $3.65 per share, down from a prior outlook of $3.93 to $4.03 per share.
“Working with customers to recover from the July 19th incident, we emerge as an even more resilient and even more customer-obsessed CrowdStrike, continuing to aggressively invest in innovation,” George Kurtz, CrowdStrike’s chief executive officer and co-founder said in a statement.
In conjunction, CrowdStrike issued guidance for the coming quarter and said it expects to earn between $0.80 and $0.81 per share, with revenue between $979.2M and $984.7M.
Analysts were expecting the company to earn $0.96 per share on $1.01B in revenue.
CrowdStrike will hold a conference call at 5 p.m. EST to discuss the results.

