WALLIX Group’s Subscription Model Drives Robust Growth

Wallix Group SA (FR:ALLIX) has released an update.

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.

For further insights into FR:ALLIX stock, check out TipRanks’ Stock Analysis page.