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CrowdStrike reported fiscal first-quarter revenue of $1.1 billion, marking a robust year-over-year increase of approximately 20%. Nevertheless, adjusted earnings per share fell short of analysts' forecasts, coming in at 73 cents compared to expectations of 81 cents. Looking ahead, the company projected second-quarter revenue to range between $1.14 billion and $1.15 billion, with earnings per share anticipated to be between 82 and 84 cents. Additionally, CrowdStrike announced a $1 billion share repurchase program, underscoring its commitment to shareholder value. Despite these efforts, the company's shares declined nearly 7% in pre-market trading, reflecting investors' disappointment with the revenue guidance that fell short of expectations.
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