CrowdStrike, Salesforce, and Okta rallied in after-hours trading after reporting better-than-expected fiscal second-quarter earnings, signaling resilient demand for enterprise software despite broader economic uncertainty.
CrowdStrike CEO George Kurtz called it "the best quarter in CrowdStrike’s history." The cybersecurity firm posted revenue of $1.47 billion, up 26% year-over-year and above the $1.44 billion consensus. Adjusted EPS came in at $0.31, beating the $0.29 estimate, while net income recovered to $5.3 million from a $70.2 million loss a year earlier. Annual recurring revenue rose 25% to $5.84 billion, and net new ARR jumped 51% to $333 million. Free cash flow reached $377.4 million.
Management raised full-year fiscal 2027 revenue guidance to $5.991 billion–$6.011 billion and full-year EPS guidance to $1.25–$1.26. Third-quarter revenue is expected to be about $1.5 billion. CrowdStrike stock traded at $207.31 after hours, adding to an 81% gain over the previous 12 months. Wall Street consensus remains a Strong Buy, with a $214.72 average price target.
Salesforce and Okta also beat top and bottom line expectations. Salesforce reported strong subscription revenue and raised its full-year profit outlook, while Okta cited increased adoption of its workforce and customer identity solutions and improved operating margins.
The results highlight that businesses continue to prioritize mission-critical software, security, and identity management. However, the earnings reports do not directly involve digital assets, and the crypto market impact is neutral.
