CrowdStrike Holdings Inc. reported second-quarter sales that topped Wall Street expectations, even as the cybersecurity company gave a downbeat sales forecast for the current fiscal year after last month’s global IT outage clouded its outlook.
Revenue in the quarter ending in July was $963.9 million, beating analysts’ estimates of $958.18 million.
The company projected full-year revenue of $3.89 billion to $3.9 billion. Analysts had predicted $3.96 billion on average.
The shares rose about 4% in late trading in New York.
“Our market opportunity remains unchanged, and we believe our continued commitment to customers and innovation will drive even more Falcon platform adoption, protecting our customers from rapidly evolving cyber threats and enabling us to achieve our long-term targets,” CrowdStrike Chief Financial Officer Burt Podbere said, in a statement.
The report is the company’s first since a flawed CrowdStrike update crashed computers of customers using Microsoft Corp. Windows. The outage, which unfolded on July 19, disrupted a wide range of industries, including air travel, banks and health care.
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