DDoS defence solutions provider Corero Network Security (AIM: CNS) has announced a record order intake for the third quarter, causing its share price to rally.Â
The company said that it has booked over $6 million in orders in the three months ending September 30th with one being the largest ever customer order for the company.
They also confirmed a multi-million dollar upgrade with a US customer, a new tier-one Asian telecoms provider, and a significant European telecom services provider. In total, they gained nine new customers.
Corero's CEO, Lionel Chmilewsky said: “I am extremely pleased with our Q3 performance, as not only have we set a new record for order intake in the quarter, but we have secured a number of new customers and seen our largest deal value to date. Â
“The wins we have seen are fully aligned with our strategy, which is to expand our international presence, to penetrate global and tier-one accounts, and to strengthen our relationships and traction with key business partners.”
Corero's share price predictably reacted positively to the news. It has staged a strong rally and is currently trading over 22% higher at 9.45p per share.
Corero shares have risen 163% in the last six months. Â
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