SecureWorks Corp. (NASDAQ:SCWX) Q4 2020 Earnings Conference Call - Final Transcript

Mar 27, 2020 • 08:00 am ET


SecureWorks Corp. (NASDAQ:SCWX) Q4 2020 Earnings Conference Call - Final Transcript


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Good morning and welcome to the SecureWorks Fourth Quarter and Full Year Fiscal 2020 Financial Results Conference Call. [Operator Instructions] We are webcasting this call live on the SecureWorks Investor Relations website. After the completion of the call. A recording of the call will be made available on the same site. At conclusion of the company's prepared remarks, there will not be a live Q&A session.

I will now turn the call over to Paul Parrish, Chief Financial Officer. You may begin.

Paul Parrish

Thanks everyone for joining us. With me today is our CEO, Mike Cote.

During this call, we will reference non-GAAP financial measures including non-GAAP revenue, gross margin, operating expenses, operating income, net income, EPS, EBITDA, adjusted EBITDA and adjusted free cash flow. A reconciliation of these measures to their most directly comparable GAAP measures can be found in our web deck and press release. Please also note that all growth percentages refer to year-over-year change unless otherwise specified.

Finally, I'd like to remind you that all statements made during this call that relate to future results and events are forward-looking statements based on current expectations. Actual results and events could differ materially from those projected due to a number of risks and uncertainties, which are discussed in this morning's press release and our SEC reports.

Now, I'll turn it over to Mike.

Michael R. Cote

Thanks, Paul. Before we get started, I want to take a moment and express a personal thought. I know it's unusual for an earnings call, but we're in an unusual an unprecedented time in our world's history right now. I'd like to extend my prayers and heartfelt best wishes to those around the world who are dealing with the COVID-19 crisis. I know many people are experiencing illness and loss and our thoughts and sympathies go out to them all. As the CEO of a global security company, protection is always at the top of my mind, whether that's protection of data or our customers or our team, we are a global company and our teammates, partners, customers, family and friends worldwide are being impacted in many ways. There is and will continue to be a business impact felt globally. But I believe the human spirit is strong and we will come out of this test with new insights, new strength and a stronger community for all.

Now I'd like to transition and talk about SecureWorks, our transformation and our plans for the year ahead. This time last year, I laid out SecureWorks vision for changing the security industry and our role therein. I'm pleased to provide an update on our traction on today's call, more recently, I talked about three areas where I felt our future was bright. First, the release of our SaaS-based product Red Cloak Threat Detection in Response or TDR and our Managed Detection & Response or MDR service wrap [Phonetic]. Second, the way our new offerings are more natural fit with the Dell Technologies sales team and with channel partners. And finally,