The CrowdStrike outage snarled computer systems around the world. It might not hurt the company

Cybersecurity firm CrowdStrike’s financial results for the second fiscal quarter are expected to be positive despite a global computer outage it caused in July. The company’s adjusted second quarter earnings are forecasted to be up by about 30% from the previous year. Although CrowdStrike’s stock has dropped by over 20% since the outage, it has seen a 33% increase from its post-outage low. Delta Air Lines, the hardest hit by the outage, is estimated to have incurred $500 million in losses and intends to sue both CrowdStrike and Microsoft for the costs. The impact of the outage on CrowdStrike’s relationships with its existing customers and its overall growth remains uncertain. #