In a Wednesday interview with CNBC's Jim Cramer, CrowdStrike CEO George Kurtz described how the cybersecurity outfit serves customers who are using legacy technology from other companies."One of the things that I talked about in my...prepared remarks on the earnings call was this concept of a monoculture," Kurtz said.
The cybersecurity company released its quarterly report Tuesday night. It beat earnings and revenue expectations and posted a strong outlook. Shares popped on Wednesday in response, up nearly 12% by close."You're going to need security to secure all these AI workloads, and this is just another accelerant in the boom for cloud security, which is an area that we play heavily," he said."The bad guys can use gen AI, and we use it to stop the bad guys.