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Wallix Group SA ( (FR:ALLIX) ) has issued an announcement.
WALLIX Group SA announced a successful fiscal year 2024 with a record annual revenue of €34.1 million, largely attributed to a shift towards a subscription-based model that boosted recurring revenues by 65%. The company secured 600 new contracts despite challenging economic conditions, showing a 13% revenue increase and a notable acceleration in Q4 2024. With strategic growth in regions like the Middle East and Europe, WALLIX is poised for profitable growth in 2025, aiming for a positive operating result in the second half of 2024 while maintaining a solid cash position.
More about Wallix Group SA
WALLIX is a European cybersecurity software publisher specializing in identity and access management (IAM) and privileged account governance (PAM).
YTD Price Performance: 4.92%
Average Trading Volume: 301
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €69.03M
For a thorough assessment of ALLIX stock, go to TipRanks’ Stock Analysis page.
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