Welcome to our dedicated page for Secureworks news (Ticker: SCWX), a resource for investors and traders seeking the latest updates and insights on Secureworks stock.
Secureworks Corporation (SCWX) provides cybersecurity solutions through its AI-driven Taegis platform, serving enterprises worldwide. This news hub offers investors and security professionals centralized access to official announcements, strategic developments, and operational updates.
Track critical updates including quarterly earnings, product enhancements, and industry partnerships. Our curated feed simplifies monitoring of threat detection innovations, vulnerability management advancements, and managed security service expansions that shape SCWX's market position.
Discover press releases detailing XDR platform capabilities, cyber threat research findings, and customer success stories. All content is verified through primary sources to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for efficient tracking of Secureworks' cloud-native security innovations and business milestones. Combine real-time updates with historical context to inform your analysis of this cybersecurity leader's evolving strategy.
Secureworks (NASDAQ: SCWX) announced the appointment of Michael Aiello as its new Chief Technology Officer (CTO) on July 12, 2022. Aiello, with over 20 years of tech experience, previously led security initiatives at HUMAN Security and Google Cloud. His expertise aims to accelerate Secureworks' business transformation and enhance cybersecurity offerings through the Taegis platform. CEO Wendy Thomas emphasized Aiello's strategic mindset as key to tackling significant security challenges and driving growth.
Secureworks (NASDAQ: SCWX) reported its first quarter fiscal 2023 results, highlighting Taegis annual recurring revenue (ARR) growth of 149% year-over-year, reaching $180 million. The company added 900 customers, increasing its Taegis customer base to 1,400. Overall revenue declined to $121 million from $139.5 million in Q1 2022. A GAAP net loss of $21.6 million equated to $0.26 per share, compared to a loss of $6.4 million a year earlier. For Q2 2023, the revenue forecast is $115 million to $117 million, with full-year guidance set at $475 million to $490 million.
Secureworks (NASDAQ: SCWX) has announced the release date for its first quarter fiscal 2023 financial results, scheduled for June 2, 2022, before U.S. market trading opens. The company will also hold a conference call at 8:00 a.m. ET to discuss the results, which will be accessible via a live audio webcast on its website. Secureworks is recognized as a global cybersecurity leader, offering its cloud-native security analytics platform, Secureworks Taegis, designed to enhance detection and response to advanced threats.
Secureworks (NASDAQ: SCWX) reported Q4 and full fiscal year results, with Taegis ARR reaching $165 million, up 200% year-over-year. The company added 400 Taegis customers in Q4, totaling 1,200. Overall revenue for Q4 was $127.9 million, down 8.5% year-over-year. GAAP net loss for Q4 was $8.8 million, improving from $9.5 million last year. For fiscal 2022, total revenue was $535.2 million, a decrease of 4.6%. The company anticipates FY 2023 revenue between $475 million and $490 million, with a significant expected GAAP net loss.
Secureworks (NASDAQ: SCWX) has introduced its Hands-on-Keyboard Detector, a patent-pending feature on the Taegis™ platform designed to identify cybercriminals interacting directly with compromised systems. This innovative technology utilizes machine learning and leverages 3.3 trillion events from a 16 petabyte data lake to enhance threat detection capabilities. It aims to catch malicious activities that traditional detection methods, reliant on predefined rules, might miss. The detector is already operational and benefiting existing customers.
Secureworks (NASDAQ: SCWX) announced it will release its fourth quarter and full year fiscal 2022 financial results on March 17, 2022, before regular U.S. stock market trading hours. A conference call to discuss these results will occur at 8:00 a.m. ET, with a live audio webcast available on the company's website. Secureworks specializes in cybersecurity, leveraging its cloud-native security analytics platform, Secureworks Taegis™, to enhance threat detection and investigation capabilities.
Secureworks (NASDAQ: SCWX), a leader in cybersecurity, is set to present at the Needham Virtual Growth Conference on January 14, 2022, at 11:30 a.m. ET. The presentation will be broadcast live and archived on Secureworks' investor relations website. With over 20 years of threat intelligence, Secureworks offers the cloud-native Security analytics platform, Secureworks Taegis™, enhancing threat detection and investigation collaboration.
For more details, visit Secureworks Investor Relations.
Secureworks, recognized by Frost & Sullivan as the 2021 Company of the Year, is advancing the field of cybersecurity with its innovative Taegis XDR solution. This cloud-native platform enhances detection and response capabilities, addressing the challenges organizations face in managing multiple security solutions. The award highlights Secureworks' effective growth strategy and market leadership, particularly in response to increasing customer demands for sophisticated security operations.
Mimecast (NASDAQ: MIME) announced its integration with Secureworks (NASDAQ: SCWX) Taegis XDR, enhancing email security and cyber resilience. This collaboration provides actionable insights and a unified console for threat detection and response. With email compromise causing $1.85 billion in losses in 2020, the integration aims to offer a comprehensive view of threats by correlating email data with other security sources. Recent Mimecast research indicates 70% of organizations anticipate harm from email-borne attacks, highlighting the importance of this integration for improving security.
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