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Stock impact report

Secureworks Announces Third 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, Dec. 4, 2024 /PRNewswire/ -- Secureworks® (NASDAQ: SCWX), a global leader in cybersecurity, today announced financial results for its third quarter fiscal 2025, which ended on November 1, 2024.Key HighlightsTaegis™ third quarter revenue grew 6% year-over-year to $71.4 million.Total annual recurring revenue (ARR) grew to $288.8 million, an increase of 4% on a year-over-year basis.Taegis GAAP gross margin and non-GAAP gross margin continued to expand year-over-year in the third quarter, reaching 72% and 75%, respectively."With a 30% rise in active ransomware groups year over year, and a continually evolving threat landscape, we are steadfast in our commitment to deliver unmatched value to customers and partners," said Wendy Thomas, CEO, Secureworks. "This quarter, we continued to innovate and expand the Taegis platform to help customers reduce organizational risk and strengthen their security posture. We look forward to closing the transaction with Sophos in early 2025 and comi Show less Read more
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