CRWD and MDB both released earnings today. I took the opportunity to listen to CRWD’s call, since it is now by far my largest position, having appreciated ~50% in the last three weeks!! The call and the quarterly earnings release did NOT disappoint. They absolutely crushed it!! $199m revenues with 89% increase in Subscription revenues q/q. They Increased guidance for next quarter and for the year…improved margins by 2 points to 76%, $55m in CFFO, $32.4m in FCF. 1.1B in cash. ARR (Annual Recurring Revenues)were $791m, up 87%. They spoke of secular tailwinds and favorable competitive environment fueling continued growth. ZM is a hard act to follow and the stock will not be up like ZM tomorrow (who had 355% revenue growth), but this is a company I’m very happy to continue owning. If my position was not already 17%, I’d likely be adding to it tomorrow as it has continued to outperform and I don’t see it slowing down. The stock may trade down 5-10% tomorrow as many traders take profits from the huge 50% run up, but make no mistake, CRWD had a spectacular quarter. Hope some of you had a chance to jump on the call today. Quite impressive. Cheers!
User comment: Thanks Vic. Happy to be an owner of both companies!
User comment: Same here Vic Thx Vic!!
User comment: Yes, thank you, Victor, appreciate the insights as always.
