Wallix: no reaction from the share price following half-yearly sales figures
The cybersecurity software publisher reports that business growth accelerated over the first six months of the year, with sales up 26.4% to €13.9 million.
"The first half of 2023 marks Wallix's return to organic hyper-growth, in line with our strategic plan and ambitions", stresses CEO Jean-Noël de Galzain.
The group explains this high growth rate by the evolution of its business model towards a subscription-based system intended to guarantee a recurring revenue stream and better long-term financial visibility.
Wallix - which aims to become a European champion in cybersecurity - reiterates its ambition to pursue its growth momentum and achieve break-even operating income by 2024.
The share price, down 0.5% on Friday, did not react much to this publication on the Paris Bourse.
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