CrowdStrike Holdings reported strong Q2 FY2025 financial results with total revenue increasing 32% year-over-year to $963.9 million. Subscription revenue grew 33% to $918.3 million, while professional services revenue rose 10% to $45.6 million. The company achieved net income of $46.7 million, compared to $8.5 million in Q2 FY2024, demonstrating continued profitability improvement.The company disclosed details about the Channel File 291 Incident from July 19, 2024, which caused system crashes for certain Windows systems. While CrowdStrike has not experienced high customer churn, the incident has resulted in longer sales cycles and delays in customer purchasing decisions. The company faces multiple lawsuits and regulatory inquiries related to the incident and expects to incur significant legal and professional services expenses in future periods.Annual Recurring Revenue (ARR) grew 32% year-over-year to $3.86 billion, with $217.6 million in net new ARR added during Q2. The company maintained strong gross margins at 75% and ended the quarter with $4.04 billion in cash and cash equivalents. Looking ahead, CrowdStrike continues to invest in platform enhancement and international expansion while managing the impact of the Channel File 291 Incident on its operations and reputation.

CrowdStrike Holdings reported strong Q2 FY2025 financial results with total revenue increasing 32% year-over-year to $963.9 million. Subscription revenue grew 33% to $918.3 million, while professional services revenue rose 10% to $45.6 million. The company achieved net income of $46.7 million, compared to $8.5 million in Q2 FY2024, demonstrating continued profitability improvement.The company disclosed details about the Channel File 291 Incident from July 19, 2024, which caused system crashes for certain Windows systems. While CrowdStrike has not experienced high customer churn, the incident has resulted in longer sales cycles and delays in customer purchasing decisions. The company faces multiple lawsuits and regulatory inquiries related to the incident and expects to incur significant legal and professional services expenses in future periods.Annual Recurring Revenue (ARR) grew 32% year-over-year to $3.86 billion, with $217.6 million in net new ARR added during Q2. The company maintained strong gross margins at 75% and ended the quarter with $4.04 billion in cash and cash equivalents. Looking ahead, CrowdStrike continues to invest in platform enhancement and international expansion while managing the impact of the Channel File 291 Incident on its operations and reputation.