CrowdStrike's major meltdown a month ago doesn't look like affecting the cyber security vendor's market dominance anytime soon, based on its earnings reported Wednesday., delaying medical services and downing some US states' 911 emergency services. Nonetheless, it reported better-than-expected revenue for the second quarter of fiscal year 2025.
CrowdStrike's fatal Friday on July 19 happened during the last two weeks of the business's quarter. While"a meaningful" number of its deals closed despite the global outage, some of these deals were delayed, Kurtz acknowledged. Still,"the vast majority of these deals remain in our pipeline," he assured investors.
Existing customers – especially those who have gone all in with CrowdStrike's security products – aren't likely to go anywhere, despite any lingering frustrations about the flawed update. According to Kurtz, 48 percent of customers spending at least $100,000 annually on CrowdStrike use at least eight modules – and replacing these products with equivalents from different vendors would be a"costly and time consuming process."