To The Moon

Crowdstrike dipped over 2% despite strong Q1 earnings and guidance.The cybersecurity company posted revenue growth of 61% to $487.8 million, topping the consensus of $463.11 million. Annual Recurring Revenue (ARR) increased 61% year-over-year and grew to $1.92 billion as of April 30, 2022, of which $190.5 million was net new ARR added in the quarter.CrowdStrike posted Non-GAAP net income of $0.31 in the quarter, up from $0.10 last year and better than the consensus of $0.23.CEO George Kurtz said the company saw, "strength across the platform including a record quarter for modules deployed in the public cloud, and over 100% year-over-year ending ARR growth for our emerging product group, which includes our Discover, Spotlight, Identity Protection and Log Management modules."CFO Burt Podbere