SecureWorks Corp. (SCWX) Tops Q1 EPS by 6c; Guides Q2, FY17

SecureWorks Corp. (NASDAQ: SCWX) reported Q1 EPS of ($0.09), $0.06 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $99.8 million versus the consensus estimate of $94.84 million.

Monthly recurring revenue as of April 29, 2016 was $28.9 million, as compared to $24.0 million as of May 1, 2015. The Company’s monthly recurring revenue metric represents the monthly value of its subscription contracts, including operational backlog, as of a particular date.

GUIDANCE:

SecureWorks Corp. sees Q2 2017 EPS of ($0.09)-($0.07), versus the consensus of ($0.12). SecureWorks Corp. sees Q2 2017 revenue of $100-102 million, versus the consensus of $99.0 million.

SecureWorks Corp. sees FY2017 EPS of ($0.33)-($0.30), versus the consensus of ($0.46). SecureWorks Corp. sees FY2017 revenue of $423-425 million, versus the consensus of $418.8 million.

For earnings history and earnings-related data on SecureWorks Corp. (SCWX) click here.

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