India, June 4 -- Shares of CrowdStrike Holdings, Inc. declined around 7 percent in the after-hours trading on Tuesday after the cybersecurity technology company reported a loss in its first quarter, compared to prior year's profit, and guided second-quarter earnings below last year.
However, first-quarter revenues climbed, and the firm lifted its fiscal 2026 earnings outlook, but maintained annual revenue view. Further, CrowdStrike's board of directors approved a share repurchase program of up to $1 billion of its stock.
Burt Podbere, CrowdStrike's chief financial officer, said, "We achieved net new ARR and bottom-line results ahead of our expectations and generated record cash flow from operations. Our conviction in net new ARR re-accele...