Reports Q3 revenue $110.9M, consensus $112.27M. "The days of sprawling cyber estates are numbered," said CEO Wendy Thomas. "Customers more than ever want to consolidate their security vendors and move away from point solutions that don’t work together, in favor of an open security platform that delivers superior detection and unmatched response with the highest return on investment. Our results show that Secureworks is delivering on this business priority with Taegis as the platform of choice". "Our momentum continues as we surpassed the $220M Taegis ARR milestone and delivered another quarter of triple-digit growth in Taegis Customer Count and Taegis-related Revenue," said CFO Paul Parrish. "Taegis average revenue per customer remained strong, growing to $139K in Q3, and continues to demonstrate a higher share of wallet relative to Taegis competitors."
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly