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FirstWave Cloud Technology ( (AU:FCT) ) has provided an announcement.
FirstWave Cloud Technology has announced a significant contract renewal and expansion with Microsoft, valued at approximately USD $507k, marking an 18% increase from the previous agreement. This development is part of a broader sales achievement of AUD $1.8m over three weeks, including deals with Claro Dominican Republic and Telstra. The expanded agreement with Microsoft involves an increase in licensed nodes and highlights FirstWave’s strategic focus on growing its network management presence in North and Latin America. The collaboration is expected to bolster FirstWave’s market positioning and technological roadmap, with potential growth opportunities in licensing new technologies and AI-powered IT compliance solutions.
More about FirstWave Cloud Technology
FirstWave Cloud Technology is a global software company established in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. The company serves approximately 150,000 organizations across 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.
Average Trading Volume: 1,043,395
Technical Sentiment Signal: Sell
Current Market Cap: A$29.13M
Learn more about FCT stock on TipRanks’ Stock Analysis page.