CrowdStrike cut its revenue and profit forecasts following a global outage in July caused by a faulty software update. The outage disrupted services for over 8 million Microsoft Windows devices and led to mass flight cancellations. The incident delayed some deals but most remain in the pipeline. The company expects challenges to persist for about a year, with growth reacceleration expected later. CrowdStrike reported better-than-expected Q2 revenue and profit, and analysts believe the high cost of switching providers may cushion its dominant position.
