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Secureworks (NASDAQ: SCWX) has appointed Alpana Wegner as Chief Financial Officer (CFO) effective June 9, 2023, and Allan Peters as Chief Revenue Officer (CRO) effective May 8, 2023. Both executives bring over 20 years of experience in software and cybersecurity. Wegner previously served as CFO at Benefitfocus and has held leadership roles at Blackbaud and Allied Waste Industries. She aims to drive sustainable growth for Secureworks. Peters, with a background in scaling security software firms, previously worked at Qualys and Trustwave, and is positioned to enhance revenue from the Taegis platform. The transitions follow the retirement of former CFO Paul Parrish, effective May 5, 2023. CEO Wendy Thomas expressed confidence in their ability to seize market opportunities and deliver superior security outcomes.
Secureworks (NASDAQ: SCWX) reported its fourth-quarter and full fiscal year 2023 results, with annual recurring revenue (ARR) from Taegis reaching $261 million, a 58% year-over-year increase. Taegis revenue grew by 106% to $60.2 million in Q4. However, total revenue for Q4 declined to $115.3 million from $127.9 million, and GAAP net loss widened to $40 million, or $0.47 per share, compared to a loss of $8.8 million, or $0.11 per share, in Q4 2022. For fiscal 2023, total revenue was $463.5 million, down from $535.2 million, with GAAP net loss at $114.5 million. Looking ahead, Secureworks expects FY24 revenue between $380 million and $400 million.
Secureworks (NASDAQ: SCWX) has launched its Taegis™ Security Posture Dashboard, designed to help organizations evaluate their cybersecurity strengths against industry peers. The Dashboard analyzes over 600 billion security events daily and utilizes data from 1,600 Taegis customers to provide actionable insights for improving cyber defenses. Key features include alerts per endpoint, investigation response metrics, and confirmed security threats comparisons. This tool is offered free to all Taegis customers and aims to enhance cyber readiness in an increasingly regulated environment.
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