Cybersecurity firm Tesserent (TNT) has reported a strong quarter of growth, in which it met or exceeded its financial objectives.
Tesserent posted almost $11 million in revenue for the June quarter, up 32 per cent from the prior period.
The company's revenue goal of a $40 million annual run rate was handily exceeded by almost 10 per cent. A recent acquisition has pushed this figure up over $50 million, and with further acquisitions yet to be completed there's still more in the pipeline.
The company is also seeing a number of locked-in, multi-year contracts bearing fruit, with over $11 million in annual recurring revenues from its Managed Security and Security Operations Centre services.