SecureWorks Posts Fiscal Q4 Beat

SecureWorks reported pre-market Wednesday a net loss and revenues for fiscal Q4 that beat views compiled by Capital IQ but issued downside guidance for the full-year and for Q1 revenues. For Q4 ended Feb. 3, adjusted loss was $0.02 per share, narrowing from an adjusted loss of $0.13 per share a year earlier and beating the consensus for a loss of $0.06 a share.

The provider of information security services said non-GAAP revenues rose 25.7% year-over-year to $119.2 million and beat the $116.6 million average estimate. For FY18, SecureWorks expects an adjusted loss of $0.18 to $0.22 per share, wider than the consensus for a loss of $0.13 a share, on non-GAAP revenues of $458 million to $464 million, below the $490.6 million mean estimate.

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