(AOF) – Wallix’s consolidated turnover at the end of March 2024 amounts to 7 million euros, an increase of 13.7%. The European publisher of cybersecurity software and expert in account governance was sanctioned on April 10 after revealing a more cautious 2024 outlook. Monthly recurring revenue (MRR) jumped 33.6% to €1.7 million. On an annual basis, recurring revenues reached 20.6 million euros at the end of March 2024, or 68.3% of consolidated revenue in 2023 and an increase of 7 points in 1 year.
The group still plans to “generate a positive operating result from the second half of 2024”. He also says he is “confident in his ability to maintain hypergrowth rates in his recurring revenues”.
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