George Kurtz, CEO, CrowdStrike. Photo credit: Seb Daly/Web Summit via Sportsfile, under Creative Commons license

Cybersecurity company CrowdStrike has announced its financial results for the second quarter of this year, reporting $199 million in revenues, up 84% year-over-year, and losses of $30 million, compared to $52 million in the same quarter last year. As of the end of the second quarter, CrowdStrike had $1.07 billion in cash on its balance sheet. During the quarter, the company added nearly 1,000 new enterprise customers, bringing its current enterprise customer count to 7,230.

Forecast

For the third quarter of this year, CrowdStrike is projecting between $210.6 million to $215 million in revenue. For the full year, the company is projecting revenues of between $809 million to about $827 million.