CrowdStrike lowers revenue estimate after global IT outage

By Ovunc Kutlu

ISTANBUL (AA) – CrowdStrike lowered its annual revenue estimate after a software update caused a major global IT outage in July, according to its financial results statement released Wednesday.

The American cybersecurity technology company forecasts annual revenue to come in between $3.89 billion to $3.9 billion for the full year of the 2025 fiscal year.

The forecast is lower than the firm's prior estimate of between $3.98 billion to $4.01 billion.

"Working with customers to recover from the July 19th incident, we emerge as an even more resilient and even more customer-obsessed CrowdStrike, continuing to aggressively invest in innovation," CrowdStrike CEO George Kurtz said in the statement.

The global outage hit thousands of computers around the world and caused interruptions in devices using the Windows operating system.

The company posted total revenue of $963.9 million in the second quarter for the 2025 fiscal year, a 32% increase from $731.6 million in the second quarter of fiscal 2024.

Net income attributable to CrowdStrike came in at $47 million, up from $8.5 million, during that period.

CrowdStrike shares were up 3.99% on the Nasdaq in after-hours trading.