10th Apr 2014 10:07
LONDON (Alliance News) - Corero Network Security PLC Thursday said its order intake was up about 40% on the year in the three months to end-March, in line with its expectations, after it secured seven orders exceeding USD100,000 from new and existing customers, compared with three in the same period in 2013.
The group did not name the companies it won new business from, but said the business included orders from an analytics and information provider to the property and financial services markets, a US airports operator, a European bank, and a US entertainment company.
It said it also received upgrades and support service contract renewals during the period from existing customers, including an online gaming company, an international industrial group, a US based health services company and an investment services company
The company's financial year is the same as a calendar year, so the three months to end March are its fiscal first quarter.
Corero recently launched its SmartWall Threat Defense System product, which it said will be demonstrated at a information security event called Infosecurity Europe, at the Earls Court Exhibition Centre in West London from April 20 to May 1.
Corero shares were trading 0.6% lower Thursday morning at 16.65 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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