SecureWorks (SCWX) PT Lowered to $13 at RBC Capital

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Go back to SecureWorks (SCWX) PT Lowered to $13 at RBC Capital

Secureworks Reports Fourth Quarter and Full Year Fiscal 2018 Results

March 28, 2018 7:00 AM EDT

Fourth Quarter and Full Year Fiscal 2018 Highlights

Monthly recurring revenue grew 12 percent year-over-year to $35.3 million. Revenue in fiscal 2018 increased 8.9 percent to $468 million, or 11.2 percent, excluding the 53rd week of operations in fiscal 2017. Gross margin increased 100 basis points over fiscal 2017. Net cash provided by operating activities was $4.0 million in the fourth quarter and $0.8 million in fiscal 2018. Total value of contracts above $1 million sold in the fourth quarter increased 58 percent, sequentially. Geoff Haydon, security industry... More