CrowdStrike reports first full quarter results after causing biggest worldwide tech disruption in history

CrowdStrike rebounds from a faulty software update in July that caused widespread IT outages. Despite the disruption and a net loss of $16.8 million, the cybersecurity firm retained over 97% of its customers and achieved $1 billion in revenue, a 29% year-over-year increase. The company remains optimistic about future growth, focusing on managed security services and rebuilding trust.