Crowdstrike provides low quarterly income while Windows-Outage Impact persists (August 27)
(Corrects the “software update” of the “cybersecurity update” in paragraph 1 of August 27)
(Reuters) -Crowdstrike plans for low incomes in the third quarter on Wednesday, while the incentives to keep customers after their sloppy software update continues to weigh on subscription sales.
The prospects for quarterly income overshadowed the optimistic results of the second quarter, sending the company’s shares down almost 3% of prolonged exchanges. The stock has increased by around 24% so far this year.
Crowdstrike said the incitement program will have an impact on income from $ 10 to 15 million each quarter for the rest of the year.
More than a year after the defective crowdstrike update, airlines, banks and crowstrike hospitals are hours, the company is still struggling with its benefits.
“We expect to make cash payments in the third quarter of approximately $ 51 million in connection with the costs related to the breakdown,” said director Burt Podbere during a post-benefit call.
The program, which ended as an active offer during the 2025 financial year, continued to have an impact at the time of subscription income, because it allows customers to choose more products or extend the use.
Crowdstrike expects the current quarter income to be between $ 1.21 billion and $ 1.22 billion, largely in accordance with the average estimate of analysts of $ 1.23 billion, according to data compiled by LSEG.
His forecasts for sharing profit adjusted in the third quarter of 93 cents to 95 cents exceeded the estimates of 91 cents.
The company’s second quarter turnover increased by 21% to $ 1.17 billion, beating analyst estimates of $ 1.15 billion.
The adjusted benefit of 93 cents per share exceeded the estimates of 83 cents each for the closed quarter on July 31.
He declared a net loss of $ 77.7 million in the second quarter, against a net profit of $ 47.0 million for the same period last year, driven by shares, costs related to construction sites and strategic regime fees.
(Report by Jaspreet Singh in Bengaluru; edition by Alan Barona)
