Wallix Group SA (FR:ALLIX) has released an update.
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WALLIX Group SA reports a successful shift to a subscription model with a 30.2% increase in recurring monthly revenues, which now represent 71.6% of its turnover. The cybersecurity firm’s semi-annual turnover rose by 8.7% to €15.1M, maintaining stable operating and net income while improving cost efficiency. With strong growth drivers in place, WALLIX confirms its hyper-growth targets for recurring revenues in 2024 and anticipates a positive operating result in the second half.
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