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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. ....
19 January 2021 | 08:37am StockMarketWire.com - Cybersecurity company Corero Network Security upgraded its outlook on annual revenue following record order intake in the year. Revenue for 2020 was expected to be ahead of market expectations, with order intake also reaching record levels, the company said. This strong performance has been driven by the continued success of Corero s differentiated, real-time, high-performance, automatic SmartWall DDoS defense solutions, it added. For the year ended 31 December 2020, revenue was expected to rise by about 73% to $16.8 million as order intake was forecast to rise 61% to $20.91 million. Corero added 42 new customers in 2020, up from 18 new customers last year. ....