Infinigate Group has today announced commendable revenue growth for the first quarter of the financial year 2024-2025, which commenced in April 2024.
The Swiss distributor recorded a 16 per cent year-on-year increase in revenue, achieving €600 million in Q1.
The specialist in cybersecurity, cloud, and networking infrastructure experienced notable growth in Europe, with revenues in the region rising by ten per cent.
The cybersecurity division was the primary driver of this growth, with the segment soaring by 88 per cent year-on-year.
Infinigate’s networking infrastructure division saw a 12 per cent increase.
The key contributors to the cybersecurity growth were the distributor’s network security – ZTNA bolstered by SASE adoption, DSPM, EDR/MDR, and cloud security.
Infinigate attributed these strong results to solid alliances and partnerships, as well as progressive process automation and digitalisation aimed at optimising efficiency and productivity.
Infinigate CEO Klaus Schlichtherle said: “Our quarterly financial results demonstrate that we are on the right trajectory to achieve our targets. We will continue to build on them with the benefit of our unique technology platform, our strong vendor partnerships, our loyal ecosystem of partners, our increased geographical footprint and our technical and business expertise to intercept the cybersecurity market growth.”
“Infinigate MEA is still the stellar performer, but Europe is growing steadily, fuelled by our cloud-based CSP, MSP & MSSP businesses.”
Infinigate expressed confidence in its outlook, anticipating continued growth, both organic and acquisitive.
As part of its M&A strategy, Infinigate made a significant strategic investment in early July, establishing a foothold in the Australian and New Zealand market through Wavelink, which is now an Infinigate Group company.
In May, Infinigate reported a slowdown in Europe but still managed to grow during the financial year ending in March 2024, despite a challenging market impacted by the economic downturn in Europe.
The MEA region once again emerged as the highlight of the past financial year, enjoying double-digit growth and healthy profit margins.
