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Stock impact report

Secureworks Announces Fourth Quarter and Full Year Fiscal 2024 Results

SecureWorks Corp. - Class A (SCWX) 
Last secureworks corp. - class a earnings: 3/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.secureworks.com/node/5806
Company Research Source: PR Newswire
ATLANTA, March 14, 2024 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its fourth quarter and full year fiscal 2024, which ended on February 2, 2024.Key HighlightsTaegis™ annual recurring revenue (ARR) grew to $285 million, an increase of 9% on a year-over-year basis.Taegis fourth quarter revenue grew 15% year-over-year to $68.9 million.Taegis GAAP gross margin and non-GAAP gross margin continued to expand in the fourth quarter, reaching 70.8% and 73.1%, respectively.Secureworks exceeded its guidance for adjusted EBITDA in the fourth quarter, delivering $3.8 million, representing a margin of 4.3%."As the open security platform of choice, Taegis integrates with existing investments to reduce risk and avoid the damage inflicted by cyber breaches. With ransomware proliferating and dwell times below 24 hours, never has our mission been more critical or relevant to customers. I'm particularly proud of our team's recent co Show less Read more
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