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SecureWorks Corp.
6/3/2021
Good morning and welcome to the SecureWorks first quarter fiscal 2022 financial results conference call. Following prepared remarks, we will conduct a question and answer session. If you have a question, simply press star then one on your telephone keypad at any time during the presentation. At this time, all participants are in a listen-only mode. 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.
Thanks, everyone, for joining us. With me today is Mike Cody, our CEO, and Wendy Thomas, our President of Customer Success. During this call, we'll reference non-GAAP financial measures, including non-GAAP revenue, gross margin, operating expenses, operating income, net income, earnings per share, EBITDA, adjusted EBITDA, and cash flow from operations. A reconciliation of these measures to their most directly comparable GAAP measures can be found in our web deck and press release, which are available on our IR website. 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 our press release, web deck, and SEC filings. We assume no obligation to update our forward-looking statements. Now I'll turn it over to Mike.
Thanks, Paul, and thank you, everyone, for joining us on this call. I appreciate your interest in SecureWorks. Before I discuss the quarter, I'm announcing my upcoming retirement as CEO and a member of the SecureWorks Board of Directors, effective September 3rd, 2021. It's been an incredible pleasure and honor to have served as CEO of SecureWorks for almost 20 years. I thank our Board of Directors and all of my SecureWorks teammates over the years for for this incredible opportunity. When I joined SecureWorks in 2002, we were a small team with a vision to protect organizations from the growing threat of cybercrime. Now, nearly 20 years later, SecureWorks is a global leader in cybersecurity with the best threat intelligence and products to secure our customers and partners. We have grown from less than $1 million in revenue to over a half a billion dollars. We had a great first quarter which you will hear more about in a few minutes, and we continue to execute on our strategy. Our future is even brighter as our momentum in TAGIS customer acquisition, revenue, and ARR continues to accelerate. I put a lot of thought and preparation into this decision, working closely with the Board in recent years to prepare for this transition as we implement our succession plan. As a result, I am pleased to share that with my full support and recommendation, the SecureWorks Board of Directors has appointed Wendy Thomas to succeed me as the company's next president and CEO, effective September 3rd, 2021. Wendy has been with SecureWorks for nine years and has been instrumental in driving the company's strategy, including our focus on software development and the launch of Tagus. Please join me in congratulating Wendy.
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