SecureWorks (SCWX) reported earnings on Wed 6 June 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

SecureWorks beats by $0.01, beats on revs; guides Q2 EPS in-line, revs above consensus; raises FY19 guidance slightly 

• Reports Q1 (Apr) loss of $0.06 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.07); revenues rose 10.8% year/year to $126.16 mln vs the $122.48 mln Capital IQ Consensus.
• Monthly recurring revenue as of May 4, 2018 increased 11.4 percent to $35.5 million from $31.9 million as of May 5, 2017. The Company's monthly recurring revenue metric represents the monthly value of its subscription contracts, including operational backlog, as of period end.
• Co issues guidance for Q2, sees EPS of ($0.06-0.05), excluding non-recurring items, vs. ($0.05) Capital IQ Consensus Estimate; sees Q2 revs of $127-128 mln vs. $126.56 mln Capital IQ Consensus Estimate.
• Co raises guidancefor FY19, sees EPS of ($0.19-0.15) (Prior ($0.20-0.16)), excluding non-recurring items, vs. ($0.18) Capital IQ Consensus Estimate; sees FY19 revs of $515-518 mln (Prior $512-516 mln) vs. $513.84 mln Capital IQ Consensus Estimate.