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CrowdStrike hit by weak forecast, US government request for information

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Nearly a year after CrowdStrike‘s botched cybersecurity update crippled airlines, banks and hospitals for hours, the company is still reeling from the fallout. Its shares fell more than 5% in afternoon trading. The program ended in the fourth quarter but continues to weigh on subscription growth, as it let customers pick more products or extend usage. The incentives reduced first-quarter revenue by about $11 million and will have a $10 million to $15 million impact each quarter for the rest of the fiscal year.

The outlook underscores the lingering…

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