WALLIX : Q3 in line, breakeven guidance confirmed for H2, implying sharp acceleration in Q4 growth
>Q3 2024 sales came to € 7.8m, up 13% yoy, close to our estimate - Yesterday after the close Wallix reported Q3 2024 revenue of € 7.8m, up 13.4% yoy, just below our estimate of € 8.0m. While this means that growth accelerated qoq (Q2 +4.6%), the increase appears a bit weak vs the group’s guidance. As a reminder, reported growth continues to be temporarily penalised by the ongoing business model transition (to SaaS) with monthly recurring revenue (MRR) at end-September...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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