Secureworks reports Q4 non-GAAP EPS (17c), consensus (27c)

Reports Q4 revenue $115.3M, consensus $109.62M. "Taegis enables organizations to secure business assets more cost effectively by automating security operations at a high return on investment," said CEO Wendy Thomas. "Our XDR platform powers industry-leading MDR capabilities through our partner ecosystem, and our superior security outcomes are resonating with the market as demonstrated by a 3-year compound annual growth rate of 156%." "We reached several important milestones at year end fiscal 2023, as Taegis ARR exceeded $260M with 2,000 customers now on our XDR platform," said CFO Paul Parrish. "With our transformation nearly complete, we expect to be at near break-even in Q4 of FY24, with a path to EBITDA profitability in the following fiscal year."