Report
Nicolas Thorez

WALLIX : Un début d’année plutôt timide, mais à relativiser du fait de la saisonnalité et du shift en cours vers le SaaS (encore en forte croissance)

>Un T1 plutôt ‘soft’ au global mais difficilement représentatif / extrapolable. Progression continue des revenus récurrents à +34% y/y - Wallix a publié hier un CA T1 2024 de 7.0 M€, en croissance de 13.7% y-o-y, et de l’ordre de 11% org selon nos calculs (yc Kleverware). Ce niveau ressort légèrement en dessous de notre prévision initiale (ODDO BHF : 7.3 M€). Pour rappel, la croissance affichée est toujours temporairement pénalisée par la transition en cours du modèle...
Underlying
Wallix Group SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas Thorez

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