AI NewsCrowdStrike reported a 26% year-over-year increase in Q1 revenue to $1.39 billion, beating estimates of $1.36 billion. The company also forecasted Q2 revenue of about $1.44 billion, slightly above estimates of $1.43 billion. However, the stock price dropped 9% or more after hours.
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SentinelOne's stock price dropped 8% after the company announced plans to lay off 8% of its workforce and forecasted Q2 and FY revenue guidance below estimates.