How bad was the CrowdStrike outage? Some answers could come Wednesday

CrowdStrike’s Financial Results Expected to be Positive Despite Outage #

Cybersecurity firm CrowdStrike is set to report its second fiscal quarter financial results, and it is expected to perform well despite a global computer outage it caused in July. The company’s customers are still in the process of finding an alternative to CrowdStrike, allowing the firm to maintain positive earnings. Analysts have predicted a 30% increase in adjusted second-quarter earnings compared to the previous year. Despite a recent drop in shares, they are still up by 33% since hitting a post-outage low. Delta Air Lines, one of the most affected by the outage, plans to sue CrowdStrike and Microsoft for the estimated $500 million in losses caused by the incident. CrowdStrike maintains that it has the necessary resources to handle any costs resulting from the incident. The financial report may leave investors with questions regarding the company’s performance and potential challenges in the near future.