Inside Secure posts 36% organic growth in core revenue, reduces full-year cost guidance

Friday 27 July 2018 | 10:15 CET | News
Inside Secure reported revenues of USD 12.4 million for the three months to June. Its core security software and licensing business saw revenues increase by 36 percent organically to USD 10.6 million. Including the two acquisitions made in 2017 (Meontrust and SypherMedia), core revenues grew 43 percent year-on-year. Non-recurring revenues amounted to USD 1.8 million in the quarter and were generated by Inside Secure's NFC patent licensing program with France Brevets, which signed a new license agreement with a major Chinese handset maker.

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Categories: Mobile & Wireless
Companies: Inside Secure
Countries: World
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