SecureWorks Corp. (SCWX) Tops Q3 EPS by 3c, Revenues Beat

SecureWorks Corp. (NASDAQ: SCWX) reported Q3 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $141.6 million versus the consensus estimate of $138.21 million.

News Summary

• Nearly 300 customers on our cloud-native Threat Detection and Response (TDR) security application.
• Offering customers a compelling alternative to legacy SIEMs through the addition of log retention and flexible reporting to our TDR application.
• Expanded software portfolio with Vulnerability, Detection and Prioritization (VDP) application.

"Our ability to outpace and outmaneuver adversaries at scale requires an integrated software platform accelerated by the power of the community," said Michael R. Cote, Chief Executive Officer of Secureworks. "Nearly 300 customers have now chosen our cloud-native security analytics platform to transform the way they secure their environments.”

“We’re pleased with our record GAAP and non-GAAP gross margin performance in the third quarter, as well as the continued significant growth and investment in our cloud-based SaaS security analytics platform,” said Paul Parrish, Chief Financial Officer of Secureworks.

For earnings history and earnings-related data on SecureWorks Corp. (SCWX) click here.

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