Cybersecurity firm CrowdStrike Holdings revealed Wednesday that it suffered a major setback in its sales pipeline last month. The company said it lost an estimated $60 million in potential deals due to a software update failure that caused widespread disruption on July 19.
The botched update triggered a massive technology breakdown, stranding thousands of travelers in airports and causing other severe interruptions. Despite the setback, CrowdStrike's executives expressed optimism about recovering the lost deals by the end of the company's fiscal year in January 2025, Associated Press reported
