December 7, 2023 Secureworks //Secureworks/Confidential - Limited External Distribution //Secureworks/Confidential - Limited External Distribution //Secureworks/Confidential - Limited External Distribution Continued Strong XDR Growth Rates • Taegis ARR of $279M • 2,000 Taegis customers • Taegis 92% of total ARR +25% y/y +25% y/y Q3 FY 22 Q3 FY 23 Q3 FY 24 $279M $123M $222M $42M Q3 FY 21 4 | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 4, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37748 SecureWorks Corp. (Exact name of registrant as specified in its charter) Delaware 27-0463349 (State or other jurisdiction ...

SecureWorks Corp. (NASDAQ:SCWX) Q2 2024 Earnings Conference Call September 7, 2023 8:00 AM ET Company Participants Kevin Toomey - VP, IR Wendy Thomas - CEO Alpana Wegner - CFO Conference Call Participants Mike Cikos - Needham Hamza Fodderwala - Morgan Stanley Operator Good morning. My name is Prika and I will be your conference operator today. At this time, I would like to welcome everyone to the SecureWorks' Second Quarter Fiscal 2024 Financial Results Conference Call. All lines have been placed on mute to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 5, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37748 SecureWorks Corp. (Exact name of registrant as specified in its charter) Delaware 27-0463349 (State or other jurisdiction of ...

SecureWorks Corp. (NASDAQ:SCWX) Q1 2024 Earnings Conference Call June 8, 2023 8:00 AM ET Company Participants Kevin Toomey - VP, IR Wendy Thomas - CEO Christian Grant - Interim CFO Conference Call Participants Saket Kalia - Barclays Michael Cikos - Needham Hamza Fodderwala - Morgan Stanley Madeline Brooks - Bank of America Operator Good morning, everyone. My name is Bruno and I will be your conference operator for today. At this time, I would like to welcome everyone to the SecureWorks First Quarter Fiscal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37748 SecureWorks Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I ...

SecureWorks Corp. (NASDAQ:SCWX) Q4 2023 Earnings Conference Call March 23, 2023 8:00 AM ET Company Participants Kevin Toomey - Vice President, Investor Relations Wendy Thomas - Chief Executive Officer Paul Parrish - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Mike Cikos - Needham Madeline Brooks - Bank of America Operator Good morning everyone. My name is Bruno and I will be your conference operator today. At this time, I would like to welcome everyone to the SecureWorks Four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code): (404) 327-6339 SecureWorks Corp. (Exact name of registrant as specified in its chart ...

Financial Data and Key Metrics Changes - Taegis ARR increased by $100 million year-over-year, reaching $201 million, reflecting a triple-digit growth rate [30] - Total revenue for Q2 was $116 million, consistent with expectations despite a $3 million FX headwind [32] - Gross margins expanded to 61.3% from the prior year [33] - Adjusted EBITDA loss was $14.3 million compared to a $3.6 million gain in the prior year [35] - Cash flow used by operations was $17 million, compared to $17 million provided by operations in the prior year [36] Business Line Data and Key Metrics Changes - Taegis now represents 56% of overall subscription ARR, with expectations to reach approximately 75% by the end of the fiscal year [6][31] - Taegis subscription revenue was $42.8 million for the quarter, up 131% year-over-year [30] - Average revenue per Taegis customer increased to approximately $136,000, up from $130,000 in Q1 [31] Market Data and Key Metrics Changes - The endpoint detection and response market is valued at $9 billion and growing, with increasing customer interest in XDR solutions [23] - The SIM market is worth close to $5 billion, with customers increasingly displacing their SIMs for XDR solutions [21] Company Strategy and Development Direction - The company is transforming into a leading XDR solution provider with a strong recurring revenue model [5] - Focus on expanding Taegis' market presence and enhancing customer acquisition through targeted investments in sales and marketing [39] - The company aims to consolidate security budgets for customers, driving better efficiency in their spending [42] Management's Comments on Operating Environment and Future Outlook - Management noted that the strength of the dollar has resulted in FX headwinds and a lower level of professional services revenue than previously guided [38] - The company remains optimistic about capturing XDR spend with Taegis solutions while completing the transition from non-strategic services [42] - Management highlighted the importance of customer education regarding XDR and the ongoing shift from traditional SIMs [56] Other Important Information - The company finished the quarter with a strong balance sheet, holding $167 million in cash and no debt [36] - A new Chief Technology Officer, Mike Aiello, has joined the company to shape the next horizon for Taegis [26] Q&A Session Summary Question: Clarification on fiscal 2023 revenue guidance reduction - Management indicated that approximately 50% of the $21 million revenue cut is tied to FX impacts, with the remainder due to lower demand for non-strategic professional services [48][50] Question: Total customer base for MSS and migration to Taegis - The total customer base includes 1,900 MSS customers and 1,500 Taegis customers, totaling 3,100 customers [51] Question: Market awareness around XDR and demand environment - Management noted that awareness of XDR is growing, but it is still early in the market cycle, with customers in investigation mode [55][56] - Sales cycles for Taegis have lengthened due to additional procurement layers and turnover in prospects [60] Question: Customer count strategy and average revenue - The company is targeting customers with a minimum of 500 endpoints for Taegis, leading to a shift in customer demographics and average revenue per customer [65] Question: Gross margins and cost structure - Gross margins were impacted by the revenue mix shift and costs associated with transitioning from the older CTP platform [70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37748 SecureWorks Corp. (Exact name of registrant as specified in its charter) Delaware 27-0463349 (State or other jurisdiction ...