By Connor Hart
CrowdStrike said it is cooperating with federal authorities in connection with an incident last July, in which a bug in the company's software knocked millions of computers offline.
The cybersecurity firm said the Justice Department and the Securities and Exchange Commission have requested information related to the incident and other matters, according to a Wednesday filing with the SEC.
The agencies are also seeking details about the company's revenue-recognition practices and the reporting of annual recurring revenue for transactions with certain customers, according to the filing.
CrowdStrike said it has additionally received inquiries from other government agencies and third parties regarding the July 19 outage. Some customers and third parties have also asserted claims or publicly threatened litigation, the company said.
The Austin, Texas, company said it is cooperating and providing information in response to these requests.
The disclosure came as part of CrowdStrike's fiscal first-quarter report, during which the company swung to a loss and issued a weaker-than-expected outlook. It noted that costs stemming from the outage have continued to weigh on results.
Shares were recently trading 5.3% lower, at $463. The stock is up 35% over the past year.
The July outage caused by the bug in the company's Falcon software delayed thousands of flights, broke back-end systems and rendered laptops temporarily unusable.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 04, 2025 13:56 ET (17:56 GMT)
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