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Corero Network Security Announces H1 Financial Results

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Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced its H1 2024 financial results, reporting a 16% year-over-year revenue growth. The company, specializing in distributed denial of service (DDoS) protection, has seen significant increases in Annual Recurring Revenue (ARR) from subscription services and DDoS Protection-as-a-Service (DDPaaS). Corero also experienced substantial growth in bookings during H1, driven by rising demand for its DDoS protection solutions.

Key highlights include renewals and expansions with major clients like A2 Hosting and DigitalOcean, new partnerships with RoyaleHosting and SEMPRE, and expansion into new markets such as the Netherlands and Pakistan. The company also secured notable customer wins in Canada, Hong Kong, Israel, UK, and US.

Corero Network Security (AIM: CNS) (OTCQB: DDOSF) ha annunciato i suoi risultati finanziari per H1 2024, riportando una crescita del fatturato del 16% anno su anno. L'azienda, specializzata nella protezione contro attacchi DDoS (Distributed Denial of Service), ha registrato un notevole aumento del Fatturato Ricorrente Annuale (ARR) derivante dai servizi in abbonamento e dalla protezione DDoS come servizio (DDPaaS). Corero ha inoltre vissuto una crescita sostanziale nelle prenotazioni durante H1, sostenuta dalla crescente domanda per le sue soluzioni di protezione DDoS.

Tra i principali risultati si evidenziano i rinnovi e le espansioni con clienti importanti come A2 Hosting e DigitalOcean, nuove partnership con RoyaleHosting e SEMPRE, e l'espansione in nuovi mercati come i Paesi Bassi e il Pakistan. L'azienda ha anche conquistato clienti significativi in Canada, Hong Kong, Israele, Regno Unito e Stati Uniti.

Corero Network Security (AIM: CNS) (OTCQB: DDOSF) ha anunciado sus resultados financieros para H1 2024, reportando un crecimiento de ingresos del 16% año tras año. La compañía, especializada en la protección contra ataques de denegación de servicio distribuidos (DDoS), ha visto un aumento significativo en el Ingresos Recurrentes Anuales (ARR) procedentes de servicios de suscripción y DDoS Protection-as-a-Service (DDPaaS). Corero también experimentó un crecimiento sustancial en reservas durante el H1, impulsado por la creciente demanda de sus soluciones de protección DDoS.

Los aspectos más destacados incluyen renovaciones y expansiones con importantes clientes como A2 Hosting y DigitalOcean, nuevas asociaciones con RoyaleHosting y SEMPRE, y expansión a nuevos mercados como los Países Bajos y Pakistán. La empresa también aseguró importantes victorias de clientes en Canadá, Hong Kong, Israel, Reino Unido y Estados Unidos.

코레로 네트워크 보안(Corero Network Security) (AIM: CNS) (OTCQB: DDOSF)가 2024년 상반기 재무 결과를 발표했으며, 전년 대비 16% 매출 증가를 보고했습니다. 분산 서비스 거부(DDoS) 보호를 전문으로 하는 이 회사는 구독 서비스 및 DDoS 보호 서비스(DDPaaS)에서 연간 반복 수익(ARR)이 크게 증가했습니다. 코레로는 H1 동안 DDoS 보호 솔루션에 대한 수요 증가로 예약이 크게 증가했습니다.

주요 하이라이트로는 A2 호스팅과 디지털오션과 같은 주요 고객과의 갱신 및 확장, RoyaleHosting 및 SEMPRE와의 새로운 파트너십, 네덜란드 및 파키스탄과 같은 새로운 시장으로의 확장이 포함됩니다. 이 회사는 캐나다, 홍콩, 이스라엘, 영국 및 미국에서도 눈에 띄는 고객 성과를 거두었습니다.

Corero Network Security (AIM: CNS) (OTCQB: DDOSF) a annoncé ses résultats financiers pour H1 2024, rapportant une croissance du chiffre d'affaires de 16 % par rapport à l'année précédente. L'entreprise, spécialisée dans la protection contre les attaques par déni de service distribué (DDoS), a connu une augmentation significative de son Chiffre d'Affaires Récurrent Annuel (ARR) provenant des services d'abonnement et du DDoS Protection-as-a-Service (DDPaaS). Corero a également connu une forte croissance des réservations au cours du H1, alimentée par la demande croissante de ses solutions de protection DDoS.

Parmi les points forts, on trouve les renouvellements et les extensions avec des clients majeurs tels qu'A2 Hosting et DigitalOcean, de nouveaux partenariats avec RoyaleHosting et SEMPRE, ainsi qu'une expansion sur de nouveaux marchés tels que les Pays-Bas et le Pakistan. L'entreprise a également remporté des victoires clients significatives au Canada, à Hong Kong, en Israël, au Royaume-Uni et aux États-Unis.

Corero Network Security (AIM: CNS) (OTCQB: DDOSF) hat seine Finanzergebnisse für H1 2024 veröffentlicht und einen Jahresumsatzwachstum von 16% gemeldet. Das Unternehmen, das auf den Schutz vor Distributed Denial of Service (DDoS) spezialisiert ist, hat einen signifikanten Anstieg des Jährlichen Wiederkehrenden Umsatzes (ARR) aus Abonnementdiensten und DDoS Protection-as-a-Service (DDPaaS) verzeichnet. Corero erlebte auch ein erhebliches Wachstum bei den Buchungen im H1, angetrieben durch die steigende Nachfrage nach seinen DDoS-Schutzlösungen.

Wichtige Höhepunkte sind Erneuerungen und Erweiterungen mit großen Kunden wie A2 Hosting und DigitalOcean, neue Partnerschaften mit RoyaleHosting und SEMPRE sowie die Expansion in neue Märkte wie die Niederlande und Pakistan. Das Unternehmen konnte auch bemerkenswerte Kundenaufträge in Kanada, Hongkong, Israel, Großbritannien und den USA sichern.

Positive
  • 16% year-over-year revenue growth in H1 2024
  • Significant increase in Annual Recurring Revenue (ARR) from subscription services
  • Substantial growth in bookings during H1 2024
  • Renewal and expansion of agreement with A2 Hosting
  • Significant contract renewal with DigitalOcean
  • New partnerships with RoyaleHosting and SEMPRE
  • Expansion into new markets including the Netherlands and Pakistan
  • Key customer wins in Canada, Hong Kong, Israel, UK, and US
Negative
  • None.

Company posts 16% YoY growth with increases in ARR and bookings

LONDON, July 24, 2024 /PRNewswire/ -- Corero Network Security (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service (DDoS) protection specialists, today announced its financial results for the first half of 2024. The company reports 16 percent YoY revenue growth, reflecting continued strong performance and strategic progress.

Corero achieved significant year-over-year growth in Annual Recurring Revenue (ARR) from its subscription services and DDoS Protection-as-a-Service (DDPaaS). Additionally, the company saw substantial increases in bookings during the first half of the year, driven by the rising demand for its cutting-edge DDoS protection solutions.

H1 business highlights include:

  • 16% YoY revenue growth
  • Renewal and expansion of the agreement with A2 Hosting
  • Significant contract renewal with DigitalOcean
  • Partnership with RoyaleHosting
  • Partnership with SEMPRE to secure the availability of critical infrastructure
  • Announced TierPoint customer win
  • Growth to new markets including the Netherlands and Pakistan
  • Key customer wins in Canada, Hong Kong, Israel, UK, and US

"We are pleased to report that Corero is on plan and has built strong momentum as we enter the second half of the year," said Carl Herberger, CEO of Corero Network Security. "Our consistent growth in ARR and bookings underscores the market's recognition of the value and effectiveness of our DDoS protection solutions. We are confident in our ability to continue delivering robust performance and value to our shareholders."

About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB Market (OTCQB: DDOSF).

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/corero-network-security-announces-h1-financial-results-302204676.html

SOURCE Corero Network Security

FAQ

What was Corero Network Security's (DDOSF) revenue growth in H1 2024?

Corero Network Security reported a 16% year-over-year revenue growth in the first half of 2024.

Did Corero Network Security (DDOSF) expand its market presence in H1 2024?

Yes, Corero expanded into new markets including the Netherlands and Pakistan, and secured key customer wins in Canada, Hong Kong, Israel, UK, and US.

What major partnerships did Corero Network Security (DDOSF) announce in H1 2024?

Corero announced partnerships with RoyaleHosting and SEMPRE to secure the availability of critical infrastructure.

Did Corero Network Security (DDOSF) renew any significant contracts in H1 2024?

Yes, Corero renewed and expanded its agreement with A2 Hosting and secured a significant contract renewal with DigitalOcean.

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