Financial PerformanceNet new ARR growth contracted 31% y/y compared to growth of 11% y/y last quarter, and on a sequential basis, net new ARR contracted 30% q/q compared to average growth of 7% q/q over the past four October quarters.
Legal ChallengesCRWD noted three additional derivative lawsuits filed against it for breach of fiduciary duty, including false or misleading statements.
Operational IssuesNear-term visibility remains low following the IT outage, which presents some uncertainty.