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SecureWorks Corp. (SCWX)
:SCWX
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0Last Year’s EPS
0.08Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 06, 2018
|% Change Since: -0.35%
|Next Earnings Date:Sep 05, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as the growth of the Taegis platform, improved gross margins, and strong partner ecosystem expansion. However, these were tempered by challenges related to the wind down of legacy business impacting revenue and a slower ARR growth rate. Despite these hurdles, the company remains optimistic about its innovation and strategic positioning in cybersecurity.Company Guidance
During the SecureWorks earnings call for Q2 2025, key financial metrics and future guidance were highlighted. Taegis revenue saw a year-over-year increase of 7%, reaching $71 million, with an annual recurring revenue (ARR) standing at $290 million. The average revenue per customer (ARPC) rose to $150,000, reflecting a 14% increase. The company reported a non-GAAP Taegis gross margin of 74%, up by 360 basis points from the previous year. Total revenue for the quarter exceeded $82 million, achieving the high end of expectations, despite a $13 million decline due to the phase-out of legacy businesses. Adjusted EBITDA was $1 million, in contrast to a $10 million loss in the prior year. For Q3, SecureWorks anticipates total revenue between $80 million and $82 million, with full-year fiscal 2025 ARR projected to be $300 million or greater. The company aims for total non-GAAP gross margins around 68%, with Taegis gross margins holding at 74%.Taegis Revenue Growth
Taegis revenue grew 7% year-over-year to $71 million, with annual recurring revenue (ARR) now at $290 million.
Strong Gross Margin Performance
Non-GAAP Taegis gross margin improved by 360 basis points year-over-year to 74%.
Industry Recognition
SecureWorks was named the Gold Winner in the Golden Bridge Awards for AI and Cybersecurity Innovation.
New Product Launch - Taegis IDR
Launched Taegis IDR to address identity threat detection and response, providing comprehensive attack surface coverage.
Positive Adjusted EBITDA
Achieved positive adjusted EBITDA of $1 million, an improvement from a loss of $10 million in the same quarter last year.
Partner Ecosystem Expansion
Increased global partner ecosystem, with 80% of new Taegis deals closed through partners, and signed a significant partnership with a premier IT solutions provider.
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SCWX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SCWX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 04, 2024 | $8.46 | $8.47 | +0.12% |
| Sep 05, 2024 | $7.36 | $7.79 | +5.84% |
| Jun 06, 2024 | $5.85 | $6.81 | +16.41% |
| Mar 14, 2024 | $6.01 | $6.36 | +5.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SecureWorks Corp. (SCWX) report earnings?
SecureWorks Corp. (SCWX) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is SecureWorks Corp. (SCWX) earnings time?
SecureWorks Corp. (SCWX) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SCWX EPS forecast?
SCWX EPS forecast for the fiscal quarter 2025 (Q4) is 0.
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