Cellebrite DI (CLBT) has released an update.
Cellebrite DI, a leader in Digital Intelligence solutions, has reported a robust financial performance in the second quarter of 2024, with revenues up by 25% year-over-year to $95.7 million, driven by a 27% increase in subscription revenue. The company’s Annual Recurring Revenue (ARR) surged by 26% to $345.9 million, and adjusted EBITDA reached $21.6 million, prompting Cellebrite to raise its full-year 2024 revenue and adjusted EBITDA outlook. These results underscore the company’s strategic initiatives and expansion, including partnerships and new product offerings in the U.S. federal market.
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