Scienza e Tecnologia
Corero Network Security Achieves 16% ARR Growth, Driving Momentum into 2025
Key financial and operational highlights for FY 2024 include:
Corero also ended FY 2024 in a strong financial position, with $5.3 million in cash and no debt. An additional $4.8 million in new customer orders invoiced in Q4 2024 is expected to be collected in early Q1 2025, providing further confidence for the year ahead.
"2024 has been a transformative year for Corero. We've delivered record-breaking ARR and robust order growth, while enhancing our go-to-market strategy and advancing our technology capabilities. Our transition to a SaaS-based model has not only strengthened our financial foundation but is also driving consistent and impressive results," said
Carl Herberger , CEO of Corero.
In Q4, we launched our new CORE platform, underscoring Corero's commitment to innovation and reinforcing our leadership in DDoS protection. With an exceptional customer retention rate and the healthiest pipeline we've seen to date, I'm confident we'll deliver continued growth in 2025 and beyond."
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in
Marlborough, Massachusetts , USA, and
Edinburgh, UK , Corero is headquartered in London and listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).
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