Few companies ever had a worse quarter than cybersecurity firm CrowdStrike, which caused a global computer outage on July 19 that led to massive problems at everyone from retailers to delivery companies to hospitals and airlines. But when it reports financial results after the bell Wednesday for the second fiscal quarter, which ended about two weeks after the outage, it likely won’t be bad at all.
A letter from CrowdStrike’s legal counsel to Delta’s lawyer said it is prepared to fight any lawsuit, and that its liability was contractually capped in the single millions. The company did insist in July that it has the resources it needs to weather whatever costs it does end up having to pay. At the end of its previous fiscal quarter it had $3.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: