Today in 3 minutes or less:

1. CrowdStrike Reports Strong Q1 FY2025 Results, Raises Full-Year Guidance ($CRWD)

2. CleanSpark exceeds production goals and announces strategic expansion plans. ($CLSK)

3. Honeywell Acquires Carrier’s Global Access Solutions for $4.95 Billion, Updates 2024 Outlook ($HON)

4. Interview of the day: Jamie Dimon on the Economy, U.S.-China, Overseas Wars and More

1. CrowdStrike Reports Strong Q1 FY2025 Results, Raises Full-Year Guidance ($CRWD)

• Annual Recurring Revenue (ARR): Increased by 33% year-over-year, reaching $3.65 billion.

• Net New ARR: Grew 22% year-over-year to $212 million.

• Cash Flow: Record operating cash flow of $383 million and free cash flow of $322 million, 35% of revenue.

• Revenue Growth: Total revenue increased by 33% year-over-year to $921 million.

• Q2 FY25 Guidance:

  • Revenue: $958.3 - $961.2 million

  • Non-GAAP Income from Operations: $208.3 - $210.5 million

  • Non-GAAP Net Income: $245.7 - $247.8 million

  • Non-GAAP EPS: $0.98 - $0.99

• Full Year FY25 Guidance:

  • Revenue: $3,976.3 - $4,010.7 million

  • Non-GAAP Income from Operations: $890.1 - $916.5 million

  • Non-GAAP Net Income: $985.6 - $1,012.0 million

  • Non-GAAP EPS: $3.93 - $4.03

Source: CrowdStrike Holdings, Inc.

2. CleanSpark exceeds production goals and announces strategic expansion plans. ($CLSK)

• Production Achievement: Achieved nearly 18 EH/s and 23.05 J/Th efficiency post-halving.

• Bitcoin Mining: Mined 417 bitcoins in May, totaling 3,169 for CY2024.

• Fleet Expansion: Deployed 134,464 mining rigs with a current hashrate of 17.97 EH/s.

• Strategic Growth: Active in M&A with a site acquisition in Wyoming imminent.

Source: CleanSpark Inc.

3. Honeywell Acquires Carrier’s Global Access Solutions for $4.95 Billion, Updates 2024 Outlook ($HON)

• Strategic Acquisition: The $4.95 billion purchase aligns Honeywell with automation and digitalization megatrends.

• Enhanced Portfolio: Incorporates LenelS2, Onity, and Supra, boosting Honeywell's building automation capabilities.

• Financial Impact: Expected to be earnings per share accretive in the first year, with annual sales exceeding $1 billion.

• Updated Guidance: Full-year sales now forecasted at $38.5 billion to $39.3 billion, with adjusted EPS of $10.15 to $10.45.

Source: Honeywell International Inc.

4. Interview of the day: Jamie Dimon on the Economy, U.S.-China, Overseas Wars and More

Short updates on your favorite stocks & markets

• The politics and competition driving Disney’s high stakes $60 billion theme parks expansion. CNBC

• Why global GDP might be $7trn bigger than everyone thought. TE

• Nvidia value surges past $3tn and overtakes Apple. BBC

• Trafigura profits slide more than 70% in sign that market volatility is ending. FT

• TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant. CNBC

• China Property Stocks Fall 20% From May High as Concerns Linger. YF

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