(AOF) – Sidetrade’s net profit for the first half of 2023 was almost stable at 2.2 million euros. Operating profit stood at 2.5 million euros compared to 2.4 million euros in the first half of 2022. It represents 12% of the turnover of the dedicated artificial intelligence (AI) platform. to securing and generating corporate cash flow compared to 14% a year earlier. Its investments in North America amounted to 3.8 million, an increase of 1.1 million compared to the same period of the previous year.
Its turnover increased by 17% – including +22% on SaaS subscriptions – to 20.9 million euros.
Sidetrade achieved an unprecedented performance in terms of order intake, with a total of 5.84 million euros in annual value of new contracts signed (ACV), an increase of 21%. Order intake for new SaaS subscriptions reached 3.30 million euros.
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Cybersecurity Blues
Gartner analysis reveals that nearly half of security leaders are expected to change jobs by 2025 due to high stress. Among them, a quarter should opt for completely different functions. The average seniority of a “CISO” (Chief information security officer) would be limited to 26 months. French companies, due to limited budgets, can only meet half of the required international standards. A shortage of talent is also to be deplored as the French digital market faces a shortage of around 15,000 people. Insufficient remuneration could explain this: remuneration would not exceed 200,000 euros in France, compared to around 800,000 euros in the Anglo-Saxon world for the best positions.