WALLIX Reports Sustained Hypergrowth in Recurring Business for H1 2024

Paris, July 18, 2024 - WALLIX (Euronext ALLIX), a European cybersecurity software publisher, announced strong business performance for the first half of 2024, showing substantial increases in recurring revenue and contract portfolio.

Monthly recurring revenue (MRR) rose 30.2% year-over-year, reaching €1.8 million by June 30, 2024. Recurring business accounted for 71.6% of total turnover in H1 2024, up from 58.8% in H1 2023. The company's active contract portfolio grew by 22.7% to 3,099 contracts.

First half turnover was €15.1 million, an 8.7% increase from H1 2023. Growth was driven by the cybersecurity market's momentum and WALLIX's subscription model adoption. The company confirmed its financial targets, projecting continued hypergrowth and a positive operating profit in the second half of 2024.

Geographically, France saw a 32.6% rise in MRR, while EMEA excluding France grew by 30.6%. The company also noted strong performance in Germany and the UK. The implementation of the NIS2 Directive in October 2024 is expected to further boost business.

WALLIX continues to strengthen its position in identity and access management, aiming to capitalize on the growing need for digital trust solutions across various sectors.