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July 25, 2019

CrowdStrike Stock Value Spikes After Reporting Strong Q1 FY2020

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Crowdstrike (NASDAQ: CRWD), a cloud-based cybersecurity protection firm, had a huge start to its fiscal year 2020, reporting total revenue of $96.1 million, a 103% increase year-over-year. The Sunnyvale, California-based company also reported subscription revenue of $86.0 million, a 116% increase year-over-year. In addition, Crowdstrike reported record annual recurring revenue of $364.6 million, an increase of 114% year-over-year.

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illustration of the number five, representing the five subscription business topics for this column, Five-on-Friday

Five on Friday: Google Chrome, News Consumption and Textbooks

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When you’ve had your fill of national politics or are done binge-watching your favorite show on Netflix, we’ve got some interesting features in this week’s Five on Friday, including millennial news consumption, a global browser rollout and streaming music revenue estimates. The Knight Foundation looks at the news behaviors and beliefs of young adults, Google Chrome rolls out its latest version globally, a new study shows that subscription service buyers buy more than expected, textbook publisher Pearson is pushing students toward digital books, and Digital Music News shares streaming music revenue estimates for the year.

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