WALLIX : Logical decline in H1 before a strong recovery in H2
>H1 sales of € 8.1m (+10%): growth temporarily hampered by the crisis - Yesterday evening, Wallix reported H1 sales that were slightly lower than our estimates. H1 sales totalled € 8.1m, up 10% y/y (vs ODDO BHF’s estimate of +15%e). Licence sales (-14%) were naturally impacted by the current crisis, with several project delays, especially at the end of the half-year (a period generally active in invoicing). Conversely, maintenance and subscription offers benefited fro...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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