George Kurtz on competitive landscape
From CrowdStrike CEO George Kurtz goes one-on-one with Jim Cramer · · CNBC Television
“Well, I think the platform vendors are ultimately going to win. And obviously it's a big market and it's a competitive market. But we like where we are given our position, given how we've built the technology from the ground up as being sort of native integrated technology. And, you know, we come at it just from a different approach of how we drive innovation as opposed to just acquiring a bunch of technologies. But at the end of the day, you have just a few big players that are out there. And I think there's a lot of opportunity for, for the companies that are out there, but there's only a handful of them, as you pointed out. All right. And I like our I like our chances.”
On , George Kurtz, Co-Founder, President, Chief Executive Officer & Director at CrowdStrike, spoke about competitive landscape during CrowdStrike CEO George Kurtz goes one-on-one with Jim Cramer on CNBC Television.
About George Kurtz
George Kurtz, co-founder and CEO of CrowdStrike, has been active in recent months discussing the company's financial performance, its strategic initiatives, and the evolving cybersecurity landscape. In multiple earnings calls and media appearances, Kurtz highlighted record quarterly results, including strong annual recurring revenue (ARR) growth and a Rule of 40 of 59. He promoted the company's Falcon Flex subscription model, which he described as enabling customers to adopt modules as needed, and noted that its total deal value had grown significantly. Kurtz also announced a $1 billion share repurchase authorization and outlined expectations for margin expansion in fiscal 2027. Kurtz has focused public remarks on the impact of artificial intelligence on cybersecurity. He introduced "Project Quilt Works," a coalition with firms such as Accenture, IBM, and EY aimed at identifying and prioritizing AI-related vulnerabilities, which he characterized as a "security Y2K moment" requiring urgent board-level attention. He described AI agents as expanding the attack surface and stated that CrowdStrike aims to be the "protector of autonomous AI agents." Kurtz also discussed the company's expanded partnership with AWS, its work with frontier AI models from OpenAI and Anthropic, and the growing threat of state-sponsored cyber operations, which he said increased by 150% in the previous year. Separately, he addressed requests from the DOJ and SEC related to revenue recognition and the July 19 outage. In an interview focused on business and racing, he cited his investment in the Mercedes-AMG Petronas Formula 1 team and emphasized that people, execution, and strategy are key to success.