News and Announcements
Tesserent Preliminary Final Report; Revenue Growth of 30.2%; Completion of Fully Subscribed IPO in February 2016
- Published September 02, 2016 1:06PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st August 2016, ASX Announcement
Key highlights during the year
- Revenue growth of 30.2% year on year.
- Completion of fully subscribed initial public offering (IPO) in February 2016.
- Successful acquisition and integration of the Blue Reef business in May 2016.
- The appointments of Kurt Hansen as Global Head of Sales and Karen Negus as Head of Marketing further strengthens the Tesserent executive team.
- Ongoing R&D to further enhance the services offered to our customers with an upcoming product release for our education customers expected late 2016, having been demonstrated at the recent National EduTech conference.
Commentary
Revenue for the year has increased 30.2% representing a solid position and basis to further expand. This growth rate over prior yeats (2015: 10.7$) represents the underlying growth of the Managed Security Services (MSS) business.
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