Corero Network Security PLC raises revenue guidance after st

Corero Network Security PLC raises revenue guidance after storming second half


The company successfully leveraged its strategic and business partnerships such as those with Juniper and GTT
Corero Network Security PLC (LON:CNS) expects to report revenue for 2020 that is ahead of market expectations.
The provider of real-time, high-performance, distributed denial of service (DDoS) cyber defence solutions said it had a strong second half to the year with increased momentum in order intake and revenue growth.
Order intake for the year just ended is expected to be around US$20.9mln, up from US$13.0mln in 2019.
The second half (H2) of the year saw order intake hit record levels of around US$13mln ( (H2 2019: $8.0 million). Revenues associated with order intake are recognisable over the lifetime of each of the contracts, Corero said.

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