Expansion And AcquisitionsCellebrite made a big commitment to U.S. federal by establishing Cellebrite Federal Solutions as a separate dedicated company with independent board governance and acquiring CyTech.
Financial Performance2Q24 results were strong, with revenue growth of 24.8% YoY above Street’s 19.5% and a 3c beat to consensus’ 7c EPS estimate.
Revenue And GuidanceThe 2024 revenue guidance midpoint is higher by more than the amount of the Q2 beat, suggesting Cellebrite sees more follow-through in its current business momentum.