CrowdStrike Beats Earnings Expectations, Analysts Remain Bullish Despite Microsoft Outage

CrowdStrike Holdings Inc. (CRWD) exceeded revenue and earnings per share estimates in the second quarter, impressing analysts despite the recent Microsoft outage. While the outage did impact the company’s performance, the impact was less severe than initially anticipated. Analysts remain optimistic about CrowdStrike’s future, citing strong customer engagement, a path to recovery, and attractive valuation.

Microsoft Outage Causes Flight Delays and Cancellations Across India

A global Microsoft outage on July 20th caused widespread disruption to flight operations across India, with numerous delays, reschedulings, and cancellations. The issue stemmed from an antivirus program update affecting Microsoft’s Azure cloud platform, impacting airlines’ check-in systems and causing significant inconvenience for passengers. Airports resorted to manual boarding passes, highlighting the reliance on digital systems and the impact of such outages.

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