SecureWorks (SCWX) PT Lowered to $13 at RBC Capital
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Secureworks Reports Fourth Quarter and Full Year Fiscal 2018 Results
March 28, 2018 7:00 AM EDTFourth Quarter and Full Year Fiscal 2018 Highlights
Monthly recurring revenue grew 12 percent year-over-year to $35.3 million. Revenue in fiscal 2018 increased 8.9 percent to $468 million, or 11.2 percent, excluding the 53rd week of operations in fiscal 2017. Gross margin increased 100 basis points over fiscal 2017. Net cash provided by operating activities was $4.0 million in the fourth quarter and $0.8 million in fiscal 2018. Total value of contracts above $1 million sold in the fourth quarter increased 58 percent, sequentially. Geoff Haydon, security industry... More