On Wednesday, Witbe reported a 'record' financial year for 2022, with consolidated annual sales up 36% to 26.1 million euros.
Witbe, whose robots help telecom operators, broadcasters and content providers to monitor their video services, justifies its growth by the success of its Witbox range, extended last year with the launch of two new models, and by the continued development of its "cloud" offering across all geographical zones.
At constant exchange rates, its annual organic growth stood at 29%.
The Group - which now has over 300 customers in 50 different countries - reported a very strong increase in cloud revenues, which jumped by 81% last year.
Despite an uncertain economic climate, the Group is confident about its prospects, highlighting sales for the year which already stand at 7.7 million euros, up 20% on the same period last year.
Following this publication, EuroLand analysts renewed their buy recommendation on the share, with an unchanged target price of 12 euros.
On the Paris Bourse, Witbe shares were up 0.7% on Wednesday morning following these announcements.
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Witbe specializes in business monitoring services. The company offers solutions to manage Quality of Experience (QoE) of services delivered to any platform (enterprise application, website, IPTV servers, etc.) to any device (PC, tablet, smartphone, mobile phone, etc.) and to any type of network (fixed, mobile, etc.). Witbe provides testing and monitoring system designed to help enterprises and service providers keep their commitments to their end-users by proactively identifying service defects and producing accurate, yet relevant indicators.
Net sales are distributed geographically as follows: France (13.1%), Europe/Middle East/Africa (29.9%), America (50.3%) and Asia (6.7%).
WITBE 
