Why SecureWorks Shares Are Plunging Today
SecureWorks Corp (NASDAQ:SCWX) reported a fourth-quarter FY22 revenue decline of 8.5% year-on-year to $127.9 million, missing the consensus of $128.9 million. SecureWorks Taegis posted $165 million in annual recurring revenue (ARR) and added 400 customers. Taegis ARR grew 200% Y/Y and revenue 156% Y/Y. Segments: Subscription revenue declined 7.1% Y/Y to $99.5 million. Professional…
Benzinga ·
Benzinga
