FirstWave Cloud Technology Reports Solid Growth Amidst Strong Demand

FirstWave Cloud Technology Limited (ASX: FCT) delivered a steady performance, supported by strong demand for its cybersecurity and cloud solutions. The company highlighted continued momentum in recurring revenues, driven by growing adoption of its Email, Web, and Firewall-as-a-Service offerings. According to the financial tables on page 4, total revenues saw meaningful growth compared to the prior period, while gross margins improved due to higher subscription uptake and cost efficiencies. The chart on page 6 illustrates increasing contributions from international markets, particularly North America and Asia-Pacific, underscoring FirstWave’s expanding global footprint. Additionally, management emphasized a disciplined approach to operating expenses, which supported an improvement in EBITDA. With ongoing investment in platform innovation and new partner integrations, FirstWave positions itself to capitalize on the rising need for end-to-end cybersecurity solutions while maintaining a focus on sustainable profitability and international growth.

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