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home / articles / why cybersecurity company secureworks shares are see mwn benzinga

SCWX - Why Cybersecurity Company SecureWorks Shares Are Seeing Blue Skies Today | Benzinga

SecureWorks Corp.

SecureWorks Corp. (NASDAQ:SCWX) shares are trading higher after it reported first-quarter FY25 results.

Revenue of $85.652 million beat the consensus of $84.198 million. Revenue fell year-over-year reflecting the strategic wind-down of the legacy Other MSS business.

Taegis revenue grew 10% Y/Y to $69.1 million, and annual recurring revenue (ARR) rose 7% Y/Y to $287 million. Taegis adjusted gross margin expanded to 74.3% from 70.0% a year ago.

Adjusted EBITDA stood at $5.6 ...

Full story available on Benzinga.com
Stock Information
Company Name: SecureWorks Corp.
Stock Symbol: SCWX
Market: NASDAQ
Website: secureworks.com
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