Cybersecurity giant's annual revenue drops after global disruption
Eviralnews,, quoted by Euronews, the cybersecurity company CrowdStrike predicted in its quarterly report that its annual revenue will decrease due to the problems caused by the July event and the global internet disruption.
The American cyber security giant announced on July 20 that it had experienced unprecedented disruption after a bug in its latest update caused businesses around the world, from banks to TV networks to airlines and offices in have problems with their activities.
In a report published by CrowdStrike in recent days, although the company's annual revenue forecast has been reduced, its revenue in the second quarter of fiscal year 2025 exceeded analysts' estimates.
“Because the incident occurred on July 19 and affected the last two weeks of the quarter, which is when a significant portion of our sales typically close, it caused a delay in transactions,” explained CEO George Kurtz. And they were postponed to the next three-month periods.
He added: However, the vast majority of these transactions are still ongoing.
According to this report, the shares of this American company fell by more than 2% in after-hours trading.
This is despite the fact that in the 12 months prior to this incident, Crowdstrike's stock had more than doubled and exceeded market expectations in the first quarter.
The company forecast annual revenue for fiscal 2025 to be between $3.89 billion (€3.50 billion) and $3.9 billion (€3.51 billion), compared with a previous forecast of between $3.98 billion and $4.01 billion.
In the wake of this global disruption, the air travel sector was particularly affected, with planes in the US and other countries grounded, flights delayed, and airport services suspended.
end of message/
