Cybersecurity Spend No ‘Discretionary Line Item’: CrowdStrike CEO

The competitive environment in cybersecurity “remains favorable” to CrowdStrike, and “we continue to see strong demand even as organizations respond to macroeconomic conditions,” said CEO George Kurtz on an earnings call Tuesday for fiscal Q2 ended July 31. For CrowdStrike, “this primarily manifested in the form of increased levels of required approvals on some deals as companies evaluated investment priorities, which can extend the time it takes to close deals,” said Kurtz. “However, cybersecurity is not a discretionary line item.” CrowdStrike’s quarterly revenue exceeded $500 million for the first time, he said.