SecureWorks Corp. (NASDAQ:SCWX) Q2 2021 Earnings Conference Call - Final Transcript

Sep 09, 2020 • 08:00 am ET


SecureWorks Corp. (NASDAQ:SCWX) Q2 2021 Earnings Conference Call - Final Transcript


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Good morning and welcome to the Secureworks' Second Quarter Fiscal 2021 Financial Results Conference Call. Following prepared remarks, we will conduct a question-and-answer session. [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.

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

Paul Parrish

Thanks, everyone, for joining us. With me today is Mike Cote, our CEO; and Wendy Thomas, President, will joining us for questions at the end of our prepared remarks.

During this call, we'll 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 our 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 I go through the progress toward our strategic vision, I'd like to reflect for a moment on the past five to six months as COVID-19 has certainly made it clear that the world is changing as we all strive to have greater trust, empathy and flexibility. This has impacted all of us, our teammates, our customers, our partners and everyone around the world.

I'm incredibly proud of the resiliency, determination and adaptability that is inherent in my Secureworks' teammates' spirit and in our culture. It's what keeps us focused on each other and grounded in optimism knowing that we can innovate and outmaneuver the adversary under any circumstance. We are building deeper relationships internally and with our customers, prospects and partners as we continue to host live remote interactions nearly every week.

We are listening intently to our customers. We're listening intently to our teammates. And we are listening to society and the world around us, all influencing the transformational journey we are on. We expect that most of our workforce will continue to work remotely for the foreseeable future. While working from home was the norm for many of our teammates, the pandemic has created a new normal for others. With these changes, we are focused on all aspects of all of our teammates' health, well-being and productivity.

Again, I'm inherently proud of the resiliency, determination and adaptability my teammates have displayed in serving our customers and partners. We are especially cognizant of this as we focus on our purpose to secure human progress by outpacing and outmaneuvering the adversary. More unified, we have recommitted our efforts