WALLIX : Somewhat timid start to the year, to be put into perspective with seasonal business and ongoing shift towards SaaS (still growing strongly)
>Somewhat soft Q1 overall, but hardly representative/difficult to extrapolate, further growth in recurring revenues, up 34% YoY - Wallix published yesterday € 7m in Q1 2024 revenues, up 13.7% YoY, and around +11% organically based on our calculations (including Kleverware). This is slightly below our initial forecast (ODDO BHF: € 7.3m). As a reminder, growth reported is still temporarily hurt by the ongoing transition to new Saas business model, with MRR at end-March ...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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