A year after its IPO, Exclusive Networks saw its third quarter gross sales up by 42 percent to €1,127 million.
The company’s Americas Region grew by 66 percent, overtaking APAC for the first time and its cloud-based sales reached €1 billion annualised run rate. Exclusive upgraded its outlook in September and it looks like its 2022 prediction will hold firm.
Jesper Trolle, Chief Executive Officer, said: “A year on from our successful IPO, I am delighted to report another very solid quarterly performance. Our strong momentum since becoming a public company continues, with Q3 Gross Sales growing by 42 percent compared to the same period last year.
“This is down to the hard work and commitment of our talented teams around the globe who continue to leverage our unique position and influence within the cyber ecosystem to capitalise on strong cybersecurity market demand.”
Trolle said the company had deepened its relationship with vendors which has contributed 88 percent to the growth of the quarter.
“This has been supplemented with the acquisition of new vendors such as Cymulate and contract extensions with strategic vendors such as Mimecast as we expand their presence across our global footprint. This has added a further €1.2 billion to our serviceable addressable market opportunity to drive future growth.”
Trolle added that digital transformation and IT modernisation continued to drive market demand as cybersecurity teams strive to safeguard remote and hybrid working environments dependant on cloud-based delivery models. Cyber breaches show no sign of slowing and continue to hit the headlines, with cryptocurrency exchange Binance falling victim to a $570 million crypto hack last month.
