CrowdStrike Holdings (CRWD) beat expectations for revenue and profits in its first quarter results on Tuesday. The cybersecurity company saw its subscription revenue increase by 34% year over year and raised its full-year guidance. CrowdStrike president Michael Sentonas joins Market Domination to discuss the results in more detail.
Sentonas characterizes the quarter as "really strong." As cyber attackers are "getting stronger every day," the company has put a premium on its "Charlotte" AI service, Sentonas says. The CrowdStrike president notes that AI accelerates the time it takes to defend against adversaries and makes the company’s services easier to use.
CrowdStrike’s Falcon platform has also eased the procurement cycle for CrowdStrike’s clients, who Sentonas says want more models and to do more with those capabilities. If CrowdStrike were to make acquisitions, Sentonas emphasizes that prospective companies must align with the easy-to-use nature of CrowdStrike’s platform stack.
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