Double-Digit Revenue Growth
Allot reported a 14% year-over-year revenue growth, marking the first double-digit growth in multiple years. Revenue for the quarter was $26.4 million.
Cybersecurity as a Service (CCaaS) Momentum
CCaaS annual recurring revenue (ARR) was up 60% year over year. CCaaS made up 28% of total revenues for the quarter.
Strong Operating Profitability
Allot reported solid operating profit, the highest in over a decade, transitioning from a loss last year to $3.7 million in non-GAAP operating income this quarter.
No Debt and Strong Cash Position
The company ended the quarter with over $80 million in cash and no debt, reflecting a strong financial position.
Expansion in Americas
Increased sales in the Americas, in line with the company's strategic focus on this region.
Positive Operating Cash Flow
Allot generated $4 million in positive operating cash flow for the third consecutive quarter.