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home / news releases / SCWX - SecureWorks reports Q1 beats announces CEO transition

SCWX - SecureWorks reports Q1 beats announces CEO transition

SecureWorks Corp.
SecureWorks (SCWX) reports Q1 beats, improves its full-year loss per share estimate, and announces a CEO transition.Q1 revenue was down 1% on the year to $139.5M. Adjusted EPS was $0.05, a surprise profit and a solid $0.09 ahead of estimates.The Q2 outlook includes revenue of $134-136M versus the $134.56M consensus and adjusted EPS that ranges from a $0.03 loss per share to breakeven vs. the expected $0.08 loss.For the year, the company now sees revenue of $540-550M (consensus: $548M) and adjusted loss per share of $0.04-0.13 (prior: $0.22-0.31 loss; consensus: $0.26 loss).CEO Michael Cote will retire as CEO and a member of the board, effective September 3. Wendy Thomas, current President of Customer Success, will then take the CEO reins.Earnings press release.

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SecureWorks reports Q1 beats, announces CEO transition
Stock Information
Company Name: SecureWorks Corp.
Stock Symbol: SCWX
Market: NASDAQ
Website: secureworks.com
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