(CercleFinance.com) – Paragon ID gains more than 4% after the announcement by the identification solutions provider, for the second quarter of its 2021-22 financial year, of a turnover up 45% to 31.1 million euros (+31% at constant exchange rates and perimeter).
This development, which follows 34% growth in the first quarter (including +21% organic), reflects the solid performance of recent acquisitions as well as the rebound in commercial activity, with a marked improvement in Transport & Smart Cities and e-ID.
For the full fiscal year 2021-22, Paragon ID is raising its forecast to now aim for significant double-digit revenue growth, despite ongoing challenges in the supply chain.
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