(NASDAQ: CRWD) issued its latest earnings report on Aug. 30. For the second quarter of fiscal 2024, which ended on July 31, the cloud-based cybersecurity company's revenue rose 37% year over year to $732 million and surpassed analysts' estimates by $7 million. Its adjusted net income surged 110% to a record high of $180 million, or $0.74 per share, which cleared the consensus forecast by $0.18 per share.

On a generally accepted accounting principles (GAAP) basis, CrowdStrike squeezed out a net profit of $8.5 million, compared to a net loss of $49 million a year earlier. That also marked its second consecutive quarter of GAAP profitability.

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Source Fool.com