CrowdStrike reports higher operating expenses as AI investments gain pace
CrowdStrike has reported a significant increase in operating expenses as it invests heavily in AI and product development. The company's first-quarter operating expenses rose by 15% compared to the previous year, leading to an 8% drop in its shares during extended trading. Despite the increase in expenses, CrowdStrike expects higher revenue and adjusted profit for 2027 than previously projected.
- ▪CrowdStrike's first-quarter total operating expenses reached $1.07 billion, up from $934.3 million a year earlier.
- ▪The company anticipates 2027 revenue to be between $5.91 billion and $5.96 billion.
- ▪CrowdStrike's first-quarter revenue was $1.39 billion, exceeding analysts' average estimate of $1.36 billion.
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