StockMarketWire.com - Cybersecurity company Corero Network Security touted strong first-half growth following a jump in orders amid rising demand for cyber security.

For the six months ended 30 June 2021, revenue is expected to have increased by 34% to about $8.3 million year-on-year.

Order intake for the six months ended 30 June 2021 is expected to be about $8.9 million, ahead of the previous high of $7.9 million for H1 2020.

Annualised recurring revenue, meanwhile, is expected to have increased to about $11.2 million as at 1 July 2021, from $8.8 million at 1 July 2020, driven by 'growth in DDoS Protection-as-a-Service ("DDPaaS") and software subscription orders,' the company said.

The company expects to issue its unaudited interim results for the six months ended 30 June 2021 in mid September 2021.





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