Earnings Results: CrowdStrike CEO says ‘legacy technologies are just failing’ after giving confident earnings outlook

CrowdStrike Holdings Inc. shares jumped by double digits in the extended session Thursday after the cybersecurity company‘s first earnings report since going public included an optimistic outlook that its chief executive credited to customer frustration with legacy security products.

CrowdStrike CRWD, +2.46% reported that it experienced one of its largest customer boosts in the quarter, adding 543 net new subscriptions in the quarter for a total of 3,059 customers as of the end of April. With the IPO, the company’s profile has been raised as more customers are becoming more frustrated with legacy security platforms, George Kurtz, CrowdStrike co-founder and CEO, told MarketWatch in an interview.

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