SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  ____________


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934



      Date of Report (Date of earliest event reported):   September 2, 2004
                                                       -------------------------


                            CROSSROADS SYSTEMS, INC.
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             (Exact Name of Registrant as Specified in Its Charter)


                                    000-30362
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                            (Commission File Number)



Delaware                                                          74-2846643
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(State of Other Jurisdiction of Incorporation)                  (IRS Employer
                                                             Identification No.)



8300 North MoPac Expressway, Austin, Texas                           78759
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(Address of Principal Executive Offices)                           (Zip Code)


                                 (512) 349-0300
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              (Registrant's Telephone Number, Including Area Code)


                                       N/A
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          (Former Name or Former Address, if Changed Since Last Report)





Item 2.02. Results of Operations and Financial Condition

     On September 2, 2004, Crossroads Systems, Inc. issued a press release
reporting its results of operations for its fiscal quarter ended July 31, 2004.
A copy of the press release is furnished herewith as Exhibit 99.1.

     In accordance with General Instruction B.2 of Form 8-K, the information
contained in this Current Report, including the exhibit attached hereto, shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that section,
nor shall such information be deemed incorporated by reference into any filing
under the Securities Exchange Act of 1934, as amended, or the Securities Act of
1933, as amended, regardless of any general incorporation language in such
filing, except as shall be expressly set forth by specific reference in such
filing.

Item 9.01 Financial Statements and Exhibits

(c)  Exhibit No.  Description
     -----------  -----------
       99.1       Press Release of Crossroads Systems, Inc. dated September 2,
                  2004





                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                       CROSSROADS SYSTEMS, INC.



Dated: September 2, 2004               By: /s/ Rob Sims
                                           -------------------------------------
                                           Rob Sims
                                           President and Chief Executive Officer





                                  EXHIBIT INDEX

Exhibit No.    Description

  99.1         Press Release of Crossroads Systems, Inc. dated September 2, 2004