SecureWorks Corp. (SCWX) Tops Q2 EPS by 8c, Revenues Beat

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Go back to SecureWorks Corp. (SCWX) Tops Q2 EPS by 8c, Revenues Beat

Secureworks Reports Second Quarter Fiscal 2021 Results

September 9, 2020 7:01 AM EDT

News Summary

32 percent sequential growth in annual recurring revenue from its Red Cloak Threat Detection and Response (TDR) and Managed Detection and Response (MDR) offerings.

Second quarter revenue of $138.5 million.

GAAP gross margin increased to a record 56.7 percent during the quarter, and non-GAAP gross margin increased to a record 59.7 percent, as Secureworks leveraged its resilient workforce to help global customers safely operate in their evolving remote environment.

Extended software portfolio with announcement regarding intent to acquire... More