Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Financial Hightlights
· The total number of customers increased 22% to around 123k prior to the post-period disposal of the Australian Fibre customer base and associated business
· Total revenue increased c. 20% to c. £25m (H1 17: £21m)
o Recurring revenue* increased c. 20% to c. £23m, representing 91% of total revenue
o Like-for-like organic revenue growth on a constant currency basis** of 7%
· Gross margin grew by 40 basis points to 37.4% due to improved sales mix
· Underlying EBITDA*** continued to improve compared with H1 17
· Net debt decreased to c. £9.4m as at 31 May 2018 (FY17: £13.1m)
Financial Hightlights
· The total number of customers increased 22% to around 123k prior to the post-period disposal of the Australian Fibre customer base and associated business
· Total revenue increased c. 20% to c. £25m (H1 17: £21m)
o Recurring revenue* increased c. 20% to c. £23m, representing 91% of total revenue
o Like-for-like organic revenue growth on a constant currency basis** of 7%
· Gross margin grew by 40 basis points to 37.4% due to improved sales mix
· Underlying EBITDA*** continued to improve compared with H1 17
· Net debt decreased to c. £9.4m as at 31 May 2018 (FY17: £13.1m)
SecurEnvoy tweeted tonight:
SecurEnvoy is honoured to announce that we have been awarded the Softshell Vendor Award in silver, the second highest honour. The full report can be downloaded here: http://bit.ly/2KK7ZgS
SecurEnvoy tweeted tonight:
SecurEnvoy is honoured to announce that we have been awarded the Softshell Vendor Award in silver, the second highest honour. The full report can be downloaded here: http://bit.ly/2KK7ZgS
The end-user has expectations to have easy access to the resources they need to do their jobs. Many of these resources involve unprotected login events that can be exploited by bad actors, stolen credentials and poor password policies. Users just want to do their jobs. IT Security needs to protect their environment from catastrophic data breaches. How do we bridge this gap?
In this webinar, you will hear from the experts how SecurEnvoy enables users to leverage their personal devices to authenticate and seamlessly move their identity between multiple devices, as often as they like.
Easy to Deploy. Easy to Integrate. Freedom of Choice. Freedom from Fear.
https://citrixready.citrix.com/program/webinar/securenvoy.html?pcode=twt
The end-user has expectations to have easy access to the resources they need to do their jobs. Many of these resources involve unprotected login events that can be exploited by bad actors, stolen credentials and poor password policies. Users just want to do their jobs. IT Security needs to protect their environment from catastrophic data breaches. How do we bridge this gap?
In this webinar, you will hear from the experts how SecurEnvoy enables users to leverage their personal devices to authenticate and seamlessly move their identity between multiple devices, as often as they like.
Easy to Deploy. Easy to Integrate. Freedom of Choice. Freedom from Fear.
https://citrixready.citrix.com/program/webinar/securenvoy.html?pcode=twt
SecurEnvoy seem particularly keen to emphasise their growth trajectory.
As well as today's blog update/tweet.
Last month a blog article detailing their leadership team expansion , included :
Steve Watts, Global Director of SecurEnvoy remarked, “We are thrilled our growth trajectory allows us to expand our leadership talent to bring even more value to our customers. There is no greater validation to the hard work of our team and our technology vision than Phil’s decision to return to be a part of this exciting next chapter.”
https://www.securenvoy.com/blog/2018/05/15/securenvoy-expands-technology-and-marketing-leadership-team/
A very positive statement on SecurEnvoy's site blog regarding todays SWG RNS
Shearwater Group has completed auditing of all portfolio companies, including SecurEnvoy, and is pleased to report significant growth due to our geographic and channel expansion strategies this year. We’re looking forward to continuing to partner with our customers, partners and resellers as we continue our aggressive growth trajectory in 2018
.
https://www.securenvoy.com/blog/
A very positive statement on SecurEnvoy's site blog regarding todays SWG RNS
Shearwater Group has completed auditing of all portfolio companies, including SecurEnvoy, and is pleased to report significant growth due to our geographic and channel expansion strategies this year. We’re looking forward to continuing to partner with our customers, partners and resellers as we continue our aggressive growth trajectory in 2018
.
https://www.securenvoy.com/blog/
SecurEnvoy provide a solid and reliable innovative solution for two factor authentication that millions of users experience everyday that's easy to use, manage and deploy. GCHQ have just released (14/6/18) guidance for the use of MFA. https://www.ncsc.gov.uk/blog-post/stepping-multi-factor-authentication Despite being widely available, uptake of multi-factor authentication has been slow and we need to change that. We talk about passwords a lot in the NCSC, but, it doesn't matter how 'good' your password is, it is not enough to secure access to valuable online services on its own. Today, we've published our Multi-factor Authentication (MFA) Guidance for Online Services, which has been designed for enterprise services in larger organisations. Multi-factor - also called two factor authentication (2FA) or two step verification1 - is an extra layer of security for online services. Asking users for another bit of evidence in addition to their password means attackers with a stolen password still can't access the online service. Multi-factor is already built in to a wide range of services such as email, cloud file storage, social media pages, online marketplaces and payment methods, and it will usually be a case of just switching it on. There are a number of different 'bits of evidence' that a service can ask for and these options are all covered in the guidance. Why you need multi-factor authentication The bad guys have got really good at compromising passwords and they have a lot of tools at their disposal. Using a separate password for every service protects you against some of these, but not all, and it's impossible for someone to do this across all their passwords without help of some kind. Multi-factor authentication (MFA), on the other hand, buys a lot of additional security for relatively little pain, and this is always going to be a good thing. Organisations of all sizes can use MFA to protect both the services that are absolutely vital to the day-to-day business of your organisation, and your information and/or money that are tempting to cyber criminals. continues..
Footasylum Far be it for The Times to cast aspersions about its audience, but it is unlikely that many readers of Tempus have been inside a Footasylum shop. It now appears they should avoid the shares, too. The shoe retailer has attracted a strong following among the 16 to 25-year-old market. Its stores are dark, play pumping music and exist on knowing what is “cool”. Clarks, it is not. The company listed on Aim last year and was valued at £171.3 million and 164p per share. It has 67 stores and a strong online presence. It was founded in 2006 by David Makin and John Wardle, the founders of JD Sports. At the time of the group’s float, investors had been positive about the distinctive “voice” that the brand holds among young people and its “first move franchise” deals with the likes of Adidas and Nike, where manufacturers agree that a retailer can sell their product exclusively. Yesterday, however, investors cut the company’s value in half, with the shares closing down 52 per cent, or 87½p, at 80p. That is because earnings before interest, tax, and amortisation are now expected to grow by less than 10 per cent for 2019, compared with market expectations of 15 per cent. You cannot deliver a downgrade when you are on 40 times your price-to-earnings ratio. That will annoy shareholders. Pre-tax profits also dropped, by 76 per cent to £1.9 million, in its maiden results since listing on sales of £194 million. Footasylum said that trading since the start of the financial year had been affected by the “widely documented weak consumer sentiment on the high street”, but it is the lower gross margins trends that are causing concern. It has been affected by the discounting of footwear and fewer first move franchises. That’s because brands have culled the list of retailers they give exclusive launches to and have been going straight to the consumer. That trend is likely to continue, with bigger names such as JD more likely to end up being included. Footasylum looks likely to be hurt in the process. Advice Sell Why Margin trends look worrying and product allocation for the likes of Nike and Adidas only likely to fall
Last day of regional business meetings for James Menzies and his team at Coro Energy Plc. https://twitter.com/CoroEnergy/status/1007150100685127680?s=19
SecururEnvoy are today presenting at a conference in Boston. The Boston Cyber Security Conference features 40-60 vendor exhibits and 8-12 educational speaker sessions discussing current cyber-security issues such as cloud security, email security, VoIP, LAN security, wireless security & more. SecurEnvoy's presentation can be downloaded from the link below. https://www.dataconnectors.com/event/boston2018/
Note: Citrix Ready offers an innovative collection of sales, technology and marketing programs designed to showcase and recommend your Citrix-compatible products and solutions. The program offers membership at three levels: Access, Plus and Premier. The Premier level membership being the highest level and offering most benefits. SecurEnvoy, has been appointed by Citrix (NASDAQ: CTXS) as one of its first Premier Citrix Ready Partners for the fast-growing Identity and Access Management ("IAM") sector.