WALLIX : H1 results hit by further losses (unsurprisingly), operating breakeven still eyed in H2 (now tougher to reach)
>Accounts still in negative territory in H1 (losses stable YoY) - Wallix published H1 2024 results slightly below expectations. After reporting H1 2024 revenues of € 15.1m, up 8.7% YoY (o/w “a mere” +4.6% in Q2 due to lower licence sales), EBIT came in at -€ 6.2m (vs -€ 6.1m in H1 2023), missing our initial expectations (vs ODDO BHF -€ 5.0m) The difference is attributable a time lag in licence sales in the French public sector and a greater increase in the opex base ...Wallix Group SA. Wallix Group SA is a France-based company specialized in the security software industry. The Company publishes computer security software relating to the access control and the traceability of privileged accounts or privileged access management (PAM) in the information systems of a number of companies. The Group serves various sectors, including healthcare, cloud & telcos and bank & insurance, among others. Through its solution, Wallix Bastion, the Group helps companies enhance their protection from cyber risks. Its solutions are distributed via a network of trained resellers. Wallix Group's portfolio includes audit and compliance, remote access security, cloud security and controlling industrial systems. In addition, through its subsidiaries the Company also provides computer security software editing services. Apart from France, the Company also operates in the United States.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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