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Corero Network Security reports record quarterly order intake of US$6mln

The orders include its largest ever customer order, nine new customer wins, including three customers in Asia-Pacific

Corero Network Security PLC - Corero Network Security reports record quarterly order intake of US$6mln

Corero Network Security PLC (LON:CNS) has reported a record order intake in the three months to September 30, with over US$6mln booked.

The provider of real-time DDoS defence solutions said it includes its largest ever customer order, nine new customer wins, including three customers in Asia-Pacific and continued traction with partners such as Juniper and GTT. 

READ: Corero Network Security's outlook is best for years, says broker

The customers signed up within the quarter include a multimillion-dollar upgrade win for an existing US-based SaaS enterprise solutions provider, requesting global deployment of the latest SmartWall TDS solutions with supporting SecureWatch services over three years.

Also in the US, another customer win was a managed services provider win including web and application network hosting, co-location and security solutions provider. 

In the Asia-Pacific area, one new client was a tier-one Asian telecoms provider for a SmartWall TDD solution, while there were two Australian wins for research, educational and governmental infrastructure providers.

In Europe, Corero was contracted by a major telecom services provider for a three-year SmartWall TDD solution order with supporting services as well as a UK-based web-hosting provider win for a three-year DDoS Protection-as-a-Service order including multiple SmartWall TDS solutions with supporting SecureWatch services.

“I am extremely pleased with our Q3 performance, as not only have we set a new record for order intake in the quarter, but we have secured a number of new customers and seen our largest deal value to date,” said chief executive Lionel Chmilewsky. 

“The wins we have seen are fully aligned with our strategy, which is to expand our international presence, to penetrate global and tier-one accounts, and to strengthen our relationships and traction with key business partners.”

Shares shot up 19% to a year's high of 9.25p on Thursday morning.

--Adds shares--

Quick facts: Corero Network Security PLC

Price: 9.9999 GBX

AIM:CNS
Market: AIM
Market Cap: £49.48 m
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Corero Network Security CEO Lionel Chmilewsky reports 'record level of...

Corero Network Security PLC's (LON:CNS) CEO Lionel Chmilewsky talks to Proactive about their record order intake in the three months to the end of September. CEO Chmilewsky talks about these orders in detail, growing 58% from H1 last year, with revenue up 48%. from the same period last year...

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