Exclusive Networks Reports Solid Growth in Q3 2024

Exclusive Networks, a leader in cybersecurity, announced a robust performance for the third quarter of 2024. Gross sales reached €1,334 million, marking a 9% increase, both on a reported basis and at constant currency. This achievement was largely driven by a significant 71% growth in the APAC region, bolstered by the integration of the Nextgen Group, and an 11% boost in the Americas.

The company's strategy of geographic consolidation through mergers and acquisitions, particularly in APAC, continues to yield positive results. In EMEA, sales rose modestly by 2%, reflecting stable regional performance. Further highlighting its strategy, the sales mix has shifted, with software and support & maintenance seeing higher growth compared to hardware.

Despite the challenges, Exclusive Networks remains confident about ending the year on a solid note, supported by continued double-digit booking growth.