CrowdStrike trims forecasts after July outage but reports strong Q2 revenue, shares up 2.5% this week.
Stock Earnings Results
September 3, 2024
CrowdStrike lowered its revenue and profit forecasts following a July outage caused by a faulty software update, impacting 8.5 million Windows devices and leading to flight cancellations.
The incident delayed some deals, with challenges expected to persist for about a year. Despite these setbacks, CrowdStrike’s second-quarter revenue rose 32%, beating estimates, but shares traded mixed. However, CRWD ended up nearly 2.5% for the week.
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