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Record results for Exclusive Networks

Exclusive Networks has announced record sales of more than €1 billion in Q2 (€1,027.1 million), up 42.5% on the same quarter last year (39.3% on a constant currency basis).

Sales growth came from existing vendors (77%), from expansion into new global regions and new vendors relationships (11%) and from the acquisitions of Ignition Technology and Networks Unlimited (12%).

CEO Jesper Trolle said: “This record performance reflects our unique positioning in the cybersecurity ecosystem and the strong structural growth drivers in the market. External factors such as a strengthening of the US dollar and better than anticipated delivery rates from our core suppliers also contributed to the growth.”

He added: “Growth has been fuelled by all core cybersecurity segments, as well as by our newest segments such as Cloud Security and DevSecOps, both delivering sharp growth and validating our strategy to accelerate opportunities in these segments through the acquisition of Nuaware. These segments have experienced triple-digit growth rates and have an outstanding growth potential.”

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