AI has created more cybersecurity threats, expanding the market for firms like CrowdStrike. Malware now uses GPTs to query and steal data. Second quarter sales rose 21% to $1.17 billion, with annual recurring revenue up 20%. Guidance fell short of expectations, but CEO Kurtz remains optimistic about future growth.

Despite a failed hacking attempt by suspected Russian hackers, CrowdStrike saw strong Q2 results. Sales rose 21% to $1.17 billion, with annual recurring revenue up 20% to $4.66 billion. Q3 sales are projected at $1.21-$1.22 billion, slightly below street estimates.

While revenue growth didn’t meet expectations, CrowdStrike CEO Kurtz remains positive about the company’s future. Customers are loyal even after a previous outage, citing the company’s effective technology in preventing breaches. Shares are down slightly post-earnings, but up 22% year-to-date.

CEO Kurtz is confident in CrowdStrike’s growth, with strong performance expected in the second half of 2025. Despite a recent outage, customer relationships have strengthened, thanks to the company’s effective technology in preventing breaches. Kurtz remains optimistic about the company’s future success.

Read more at Yahoo Finance: AI is unleashing more adversaries for cybersecurity companies to defeat