CrowdStrike Holdings reported better-than-expected second quarter results. It was the cybersecurity company's first quarterly report since a software update knocked out systems for many of its customers around the globe.

RBC Capital Markets Managing Director and Head of Global TIMT Research Matt Hedberg tells Asking for a Trend that the report was "better than feared," though he would like more information about potential customer churn following the outage. He also expects CrowdStrike to offer discounts to keep customers happy. However, thinks this incident "could be in the company's rearview mirror later this year," given that "CrowdStrike's in business to secure devices from malicious attacks, which didn't happen."

Hedberg says that ultimately he believes, CrowdStrike will emerge from the crisis "as a stronger vendor [with] even better controls in place."

Watch the video above to hear what Hedberg thinks will drive CrowdStrike's business in the future.

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This post was written by Stephanie Mikulich.