CrowdStrike's (NASDAQ: CRWD) stock price pulled back slightly from its all-time high following the release of the company's second-quarter earnings report on Aug. 31.
The cybersecurity company's revenue rose 70% year over year to $337.7 million, beating analysts' estimates by $14.2 million. Its subscription revenue rose 71% and accounted for 94% of its top line.
CrowdStrike's non-GAAP net income jumped 228% to $25.9 million, or $0.11 per share, which exceeded expectations by two cents. On a GAAP basis, its net loss widened from $29.9 million to $57.3 million.
Source Fool.com