Secureworks reports Q4 EPS 8c, consensus (3c)

Reports Q4 revenue $89.2M, consensus $87.18M. “As the open security platform of choice, Taegis integrates with existing investments to reduce risk and avoid the damage inflicted by cyber breaches. With ransomware proliferating and dwell times below 24 hours, never has our mission been more critical or relevant to customers. I’m particularly proud of our team’s recent contribution of intelligence and insights gained from four years of combating LockBit in support of the law enforcement disruption of the world’s most prolific ransomware operation,” said CEO Wendy Thomas. “Taegis sees more, detects better and responds faster. Our continuous innovations in AI means that customers and partners globally are benefiting from our platform’s powerful capabilities in cyber defense to drive better security outcomes and realize greater efficiencies in their security operations. That success drives our growth.” “Our Q4 results demonstrated how our unique cloud architecture creates a win-win situation, fueling the delivery of the best security outcomes for our customers with spend predictability, while contributing to our expanding margins,” said CFO Alpana Wegner. “We exceeded our commitment for breakeven adjusted EBITDA in Q4, which marks an important milestone and gives us confidence in our EBITDA guidance for the full FY25.”