Shares of cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) jumped 22.2% in June, according to data provided by S&P Global Market Intelligence. The company kicked off the month by reporting strong quarterly earnngs, and shortly thereafter, it was announced that CrowdStrike would join the S 500.

CrowdStrike reported financial results for its fiscal 2025 first quarter on June 4. In short, business is better than expected for the cybersecurity company. Its Q1 revenue of $921 million was up 33% year over year, ahead of analysts' expectations. Moreover, management modestly increased its full-year revenue guidance to $3.99 billion at the midpoint of the range.

The company offers multiple cybersecurity products through its single cloud-based platform. And customers have consistently adopted more of its products over time. As is the case with many software businesses, this results in high-margin revenue growth. CrowdStrike's free-cash-flow growth has outpaced the top line in recent years too.

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Source Fool.com