CrowdStrike Earnings: Impressive, Lifted by AI and Vendor Consolidation; Fair Value Up 15% to $530
CrowdStrike kicked off fiscal 2027 with strong results. The firm's sales grew 26% to $1.39 billion, and its adjusted operating margin expanded 5 percentage points to 23.5%. The firm's annual recurring revenue, or ARR, grew 24% to $5.51 billion.