WALLIX Group SA Reports Strong 2024 Financial Performance and Strategic Growth

Wallix Group SA ( (FR:ALLIX) ) has shared an announcement.

WALLIX Group SA reported significant growth in its 2024 financial results, with a 24.4% increase in monthly recurring revenue and a 12.9% rise in consolidated turnover. The company achieved operating and net profit in the second half of 2024, driven by operational leverage and cost control. With a solid financial base of over €11 million in cash and cash equivalents, WALLIX is well-positioned to capitalize on the increasing demand for trusted European cybersecurity solutions, particularly in light of new regulations and increased defense budgets in Europe. The company’s strategic positioning and technological leadership are expected to expand its market opportunities significantly.

More about Wallix Group SA

WALLIX Group SA is a European cybersecurity software developer specializing in identity and access management (IAM) and privileged access management (PAM). The company focuses on providing cybersecurity solutions that protect identities, digital access, and privileged access accounts, particularly in sensitive sectors and for industrial assets. WALLIX is recognized for its technological leadership in Europe and is the only European company acknowledged by Gartner in its field.

YTD Price Performance: 26.70%

Average Trading Volume: 400

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €82.97M

For a thorough assessment of ALLIX stock, go to TipRanks’ Stock Analysis page.