Corero Network Security plc reported trading update for the period ended January 1, 2024. Annualised Recurring Revenues increased to $16.9 million as at 1 January 2024, an increase of 17% over the prior year (ARR at 1 January 2023: $14.4 million), driven by continued demand for Corero's subscription-based and DDoS Protection as-a-service ("DDPaaS") products. This strong performance continues to improve earnings visibility for the Company going forward, which, when aligned with the Group's new business pipeline built through 2023, ensures Corero remains well positioned for revenue growth in 2024 and beyond.
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5-day change | 1st Jan Change | ||
12 GBX | -2.04% | 0.00% | +45.45% |
Apr. 25 | Norcros sells Johnson Tiles UK; Trifast trading well | AN |
Apr. 18 | Corero expands product portfolio with launch of hybrid solution | AN |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+45.45% | 76.05M | |
-12.23% | 194B | |
+0.74% | 166B | |
+2.19% | 153B | |
+4.34% | 99.85B | |
+7.04% | 77.56B | |
+19.09% | 73.55B | |
-7.30% | 71B | |
-20.54% | 52.81B | |
+0.53% | 47.86B |
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- Corero Network Security plc Reports Trading Update for the Period Ended January 1, 2024