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IT

Verimatrix returns to revenue growth in Q3, updates full-year guidance

Friday 23 October 2020 | 13:12 CET | News
Verimatrix (formerly Inside Secure) has reported revenues of USD 26.3 million in the three months to September, up 11 percent year-over-year on a pro-forma adjusted basis. The growth trend recovered after a 12 percent drop in second-quarter revenues, which were impacted by a transitioning business model and by the Covid-19 crisis. CEO Amedeo D'Angelo commented on the ongoing shift from perpetual licences (recognised upfront) towards multi-year subscription agreements (with a contribution over the contract period), highlighting that recurring revenues made up 60 percent of the total generated

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Categories: IT
Companies: Inside Secure / Verimatrix
Countries: World
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