Exclusive Networks announced record sales of over €1 billion in the second quarter (€1,027.1 million), up 42.5% from the same quarter last year (39.3% on a constant currency basis).
Sales growth came from existing suppliers (77%), from expansion into new global regions and new supplier relationships (11%), and from the acquisition of Ignition Technology and Networks Unlimited (12%).
CEO Jesper Trolle said: “This record performance reflects our unique positioning in the cybersecurity ecosystem and strong structural drivers of market growth. External factors such as a strengthening US dollar and better-than-expected supply levels from our major suppliers also contributed to growth.”
He added: “Growth has been fueled by all major cybersecurity segments, as well as our newest segments such as Cloud Security and DevSecOps, both of which are delivering sharp growth and affirming our strategy to accelerate capabilities in these segments through the acquisition of Nuaware.” These segments have experienced triple-digit growth rates and have outstanding growth potential.”
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