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Stock impact report

Secureworks Announces Second Quarter Fiscal 2025 Results

SecureWorks Corp. - Class A (SCWX) 
Last secureworks corp. - class a earnings: 3/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.secureworks.com/node/5806
Company Research Source: PR Newswire
ATLANTA, Sept. 5, 2024 /PRNewswire/ -- Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its second quarter fiscal 2025, which ended on August 2, 2024.Key HighlightsTaegis™ second quarter revenue grew 7% year-over-year to $71.2 million.Total annual recurring revenue (ARR) grew to $290 million, an increase of 5% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand year-over-year in the second quarter, reaching 71.8% and 74.3%, respectively."In a world where we rely on technology, comprehensive cyber resilience is more top of mind than ever, and our open, AI-powered platform has proven itself to be the shield that keeps companies safely up and running. This quarter we continued to innovate and invest in the extensibility of Taegis, with the launch of Taegis Identity Threat Detection and Response enabling organizations to proactively combat identity threats," said Wendy Thomas, CEO, Secureworks. Show less Read more
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