CrowdStrike offers $60M in credits; Delta reports $500M loss

CrowdStrike has announced that it will offer about $60 million in credits to customers affected by a massive software outage earlier this year, a figure that might significantly underestimate the actual damages incurred. Delta Air Lines alone, one of the most impacted clients, claims it lost around $500 million due to the incident, including revenue losses from canceled flights.

Despite these challenges, CrowdStrike’s financial report showed strong earnings, with record adjusted earnings of $260.8 million for the quarter ending July 31, marking a 47% increase from the previous year. The company’s stock, while still down over 20% since the outage, saw a rise in after-hours trading following the earnings report.