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FirstWave Cloud Technology ( (AU:FCT) ) has provided an announcement.
FirstWave Cloud Technology has extended its agreement with Telstra Corporation for the provision of ISM-compliant CyberCision software and services to several Federal Government agencies. The Secure Internet Gateway (SIG) Agreement has been extended for an additional 12 months, with a further one-year option, while the Products and Services Agreement (PSA) has been extended for two months. Despite a reduction in revenue from these agreements, FirstWave has aligned operational costs to offset the impact, resulting in a positive bottom line. The company is diversifying its revenue streams and expanding its reach through a partnership with Amazon Web Services and Corent Technology to launch its software solutions on the AWS Marketplace.
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 such as Microsoft, Telmex, Telstra, Claro, and NASA.
Average Trading Volume: 1,017,902
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$18.85M
For an in-depth examination of FCT stock, go to TipRanks’ Overview page.