SCWX - SecureWorks gains 8% after Q3 beats with record gross margin

SecureWorks (SCWX) shares are up 7.8% pre-market after Q3 results beat estimates on the top and bottom lines.GAAP gross margin improved to 57.9% from 56.4% last year, and non-GAAP was 60.7% vs. 59.2%.Adjusted EBITDA increased to $11.3M from $5.8M in last year's quarter."We’re pleased with our record GAAP and non-GAAP gross margin performance in the third quarter, as well as the continued significant growth and investment in our cloud-based SaaS security analytics platform," says CFO Pau Parrish.Press release.Previously: SecureWorks EPS beats by $0.03, beats on revenue (Dec. 03 2020)

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SecureWorks gains 8% after Q3 beats with record gross margin