In the past, most cybersecurity companies installed on-site appliances to run their services. But that hardware was expensive, sucked up power, took up a lot of space, and required constant maintenance. CrowdStrike addressed those issues with Falcon, a cloud-native endpoint security platform that didn’t require any on-site appliances.Over the past year, as macro headwinds forced many companies to rein in their spending, CrowdStrike’s growth in both ending annual recurring revenue (ARR) and total revenue decelerated. But its net new ARR growth rose by double-digit percentages year over year again over the past three quarters which meant it was still gaining new customers in a challenging market. Is the Internet outrage a big mistake for CrowdStrike or opportunity ?
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