CrowdStrike cuts annual forecasts as Windows outage weighs on new deals

Aug 28 (Reuters) – CrowdStrike cut its annual revenue and profit forecasts on Wednesday, as demand for its cybersecurity products takes a hit from a global Windows outage caused by a faulty update from the company last month.

The outage had caused widespread disruptions to internet services, leaving thousands of people stranded at airports after mass flight cancellations and causing broadcasters to go off-air.

Rivals SentinelOne and Palo Alto Networks had raised their annual revenue forecasts this month, in a sign that they are gaining market share at the expense of CrowdStrike.