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CrowdStrike (CRWD) will release its second-quarter results for fiscal 2025 after the bell on Wednesday, Aug. 28, its first earnings report since a faulty software update it launched caused a global outage, with investors looking to gauge the impact of the incident.

Analysts expect revenue to grow to $957.6 million from $731.63 million a year ago, according to estimates compiled by Visible Alpha. Net income is projected to be $49.42 million, or 20 cents per share, a jump from the year-ago period.

CrowdStrike could update its fiscal 2025 revenue guidance, giving investors greater insight into the near-term impact of the July global outage on sales.

Citi analysts said that CrowdStrike won't come out of the incident "unscathed" given higher discounts, lower negotiating leverage, and litigation costs it now faces. However, the analysts did say that they believe the company "can gradually overcome unavoidable headwinds" in the long term.

Analysts expect the full-year fiscal 2025 revenue outlook to be about $3.96 billion, according to consensus estimates compiled by Visible Alpha, which would be slightly below the low end of the company's previously provided guidance of between $3.98 billion and $4.01 billion, issued in early June before the global outage.

CrowdStrike could face legal action from customers affected by the outage, with some estimates indicating it could cost the affected companies several billion dollars in losses.

Delta Air Lines (DAL), which said the incident cost the airline at least $500 million, has threatened legal action against CrowdStrike. However, the cybersecurity company and Microsoft (MSFT) have disputed Delta's claims on how the events unfolded.

CrowdStrike may provide updates about the potential litigation and its expectations for legal costs when it reports earnings Aug. 28.

CrowdStrike shares have gained about 6.4% since the start of the year, at $271.54 as of Friday's close.

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A 22-year-old crossdresser identified as Syabonga Clement Hadebe, has been br¥tally m3rdered by unknown assailants in South Africa.

According to reports, Hadebe was sh+t nine times while walking home in Malvern, Johannesburg.

His lif+less body was found by the police with multiple g¥sh+t wo¥nds on Saturday, August 10, 2024.

Cartridges were found on the scene, and Clement was declared d3ad.

Women For Change advocacy group in a statement on Saturday, August 24, said the deceased identified as a trans woman and had recently started transitioning.

Local media reports indicate Hadebe, who is from KwaZulu-Natal province, was at a popular outing area in Johannesburg on the night of August 9 with a friend when they began to interact with the alleged male sh+oter who was showing interest in them, especially Hadebe.

It was reported that before they decided to leave with the alleged sh+oter, Hadebe’s friend asked him to disclose he was a gay crossdresser but he did not follow his friend’s advice.

They however left with the alleged sh+oter, who didn’t want to go with Hadebe’s friend to the B&B. The friend was later dropped off, and Hadebe and the alleged sh+oter were left alone.

Sibonelo Ncanana, civil society engagement officer for OUT LGBT Well-being, an LGBTQ advocacy group, in a statement, said the organization “is appalled by the m¥rder of Clement as well as the queerphobic victim-blaming sensationalism surrounding his d3ath.

Victim-blaming is never acceptable. The notion that LGBTIQ+ people are hiding who they are when they are simply being themselves is deeply concerning. Our identity is not something that requires disclosure.”

Ncanana said OUT LGBT Well-being will closely follow the investigation into the murder and called upon law enforcement officials to ensure there is justice for Hadebe.

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The Minister of Education, Prof. Tahir Mamman, has declared that candidates under 18 will no longer be permitted to take the Joint Admission Matriculation Board (JAMB) examination beginning next year, NairaMetrics is reporting.

The Minister announced this during an interview with Channels TV on Sunday in Abuja. Mamman noted that the minimum required for admission is 18 years according to the country’s education policy

However, he stated that the federal government has decided to allow students to take the JAMB examination this year as a form of advance notice to parents for the changes that will take effect next year. “Nothing has changed. It is still 18 years. What we did at the JAMB meeting was to allow this year and for it to serve as a kind of notice for parents that, this year JAMB will admit students below 18 years.  

But from next year, JAMB will insist anybody going to apply to university in Nigeria meets the required age which is 18.  For the avoidance of doubt, this is not a new policy. This is a policy that has been there for a long time. And basically, if you compute the number of years learners are supposed to be in school, the number you end up with is 17 and a half. From daycare to primary school, then secondary school, you will end up with 17 and half. And by the time, the school Is ready for admission, you have the age,” Mamman said. 

Furthermore, the Minister announced that students who have not completed the required minimum number of years in school will be exempted from participating in both the National Examinations Council (NECO) and the West African Examination Council (WAEC) exams.

According to him, a child has to spend a minimum of 17 and a half years in daycare, and primary and secondary school before being allowed to write these exams for university admission. Mamman also added that this is not about the age of the students, but the number of years spent at each level of education.

“We are not actually coming up with new policies contrary to what some people are saying. We are just reminding people of what is existing. In any case, NECO and WAEC will not be allowing underage children to write their examinations. In other words, if somebody has not spent the required number of years in that particular level of study, will not be allowed either NECO or WAEC.

“It’s not a matter of age. It’s a matter of the years spent at each level of education,” Mamman added. Responding to a question about exceptionally bright students, the Minister stated that it is possible to create opportunities for such students who demonstrate exceptional intelligence. He noted that similar practices are being observed in other countries around the world.

However, he emphasized that in Nigeria, the challenge lies in the potential for these opportunities to be exploited by the majority of students seeking admission to higher institutions. “At the moment, this is what we have. But it’s very legitimate to appeal and look at that window of how do we care for our smart children. And this is a conversation for another day. Other countries do similar things. They have age specifications for each level of education. But again, they look at the possibilities of smart children. A lot of times in Nigeria, what sometimes is a widow eventually becomes a door,” Mamman noted.

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A man has shared his conversation with a lady who has a boyfriend and needed his financial assistance in exchange for ‘at least 2days of f¥n.

The lady wanted to buy wig and upgrade her phone from iPhone 12 to iPhone 14 Pro Max but her boyfriend can only afford the wig and she needed to do the upgrade because most of her friends has changed their phone and needed hers too that weekend.

So she messaged the guy to help with N80,000 to add to the money she had and in exchange spend today with him.

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The Inspector-General of Police (IGP), Kayode Egbetokun, has on Sunday revealed how the leader of the gang involved in the abduction of medical students, was k+lled by the police during an operation to rescue 20 medical students at the weekend.

The students who are from University of Maiduguri and the University of Jos were travelling to Enugu for the Federation of Catholic Medical and Dental Students’ annual convention when they were kidnapped on August 15. Their abduction generated massive outcry, which made Egbetokun order the deployment of tactical operatives and assets, including helicopters, drones, and tactical vehicles, to ensure the swift rescue of the kidnapped students.

Speaking while handing over the students to their Vice-Chancellors, Egbetokun added that the arrested suspects are in custody. He also said contrary to speculations, they were rescued without paying any ransom.

Egbetokun said: “This success was made possible through the support received from the office of the NSA, the activation of the security network, intelligence, synergy with other security agencies, community engagement, and deployment of our highly skilled and tactical officers whose dedication, bravery, and precision in executing their duties are truly commendable.

During the operation, our officers engaged the kidnappers in a well-coordinated tactical offensive. I am pleased to inform you that the kingpin of this notorious gang was neutralised during an exchange of fire with our operatives while two other members of the gang were arrested. These individuals are currently in our custody where they are providing valuable information that will help us dismantle their network and prevent future occurrences of such abductions.” [Swipe]

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