WALLIX: Successful subscription and profitability outlook

WALLIX, a European cybersecurity software publisher, reported strong performance for the first half of 2024. Thanks to a successful transition to the subscription model, monthly recurring revenue increased by 30.2%, representing 71.6% of turnover of €15.1 million, up 8.7%.

Despite a stable operating result of -€6.2 million, the company maintains a profitability strategy for the second half of the year. The company has consolidated its market position thanks to its SaaS model and new strategic partnerships. Gartner's recognition as a "Visionary" underlines its innovative approach.

At the end of June 2024, WALLIX has a solid financial foundation with gross cash of €12.8 million. The second half of the year looks promising with growth levers that should lead to a positive operating result.