Secureworks shares climb on better-than-expected quarterly results

“Taegis enables organizations to secure business assets more cost effectively by automating security operations at a high return on investment,” said Secureworks Chief Executive Officer Wendy Thomas. “Our XDR platform powers industry-leading MDR capabilities through our partner ecosystem, and our superior security outcomes are resonating with the market as demonstrated by a 3-year compound annual growth rate of 156%.” Secureworks’ ongoing effort to refocus its growth strategy on Taegis impacted its bottom line in the fourth quarter.

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