ActivePort’s Q1 revenue grew 49pc as it focuses on strong first half
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ActivePort’s robust sales growth underscores the strong demand for its SD-WAN software globally.
Recently listed global telecommunications software provider, ActivePort Group (ASX:ATV), has released its first quarter results as a public company, and they’ve hit all key metrics.
ATV posted total revenue of $2.49m in Q1 FY22, up 49% on the previous corresponding period.
It has also started Q2 strongly, with $1.03m of revenue already in the bag for October.
ActivePort’s revenue growth trajectory has been rising strongly, and this half is expected to bring in record high revenues.
The growth has been underpinned by the high margin, recurring software licence sold to a rapidly increasing number of customers.
Nine new SD-WAN partners signed in October alone, up from five the previous quarter.
“The number of customers for our software is increasing at pace as a result of the sales team’s hard work over the past four months,” Karim Nejaim, ActivePort CEO said.
“We’ve focussed on selling ActivePort to channel partners who on-sell it to their customers, and the success of that strategy is beginning to show.”
SD-WAN is revolutionising data communications, making networks easier to connect and cheaper to operate, and ActivePort is at the forefront of this revolution.
ActivePort engineers, delivers and supports an SD-WAN 2.0 compliant data network and hybrid cloud orchestration product that lets customers manage all their cloud hosting and networking technology end-to-end, from one single screen.
Using ActivePort’s unique software, customers can create network connections, deliver cloud services, and manage their data at a local, national or global scale.
The software is currently being deployed at telecommunication operators in 14 countries, as the company positions itself to become an international leader in the network and cloud orchestration market.
ActivePort’s software channel partner strategy is delivering, with nine new partners signed in October, up 180% from the five signed in Q1 FY22.
These partners are now completing sales to their own customers, which is expected to drive accelerating software revenue growth over the coming months.
“Our partners are telecommunication companies, managed service providers and internet service providers that sell ActivePort software to their customers,” explained Nejaim.
“As our partners roll out ActivePort, we expect our software revenue growth to accelerate.”
This article was developed in collaboration with ActivePort, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.