London, United Kingdom –News Direct– Crossword Cybersecurity PLC
Crossword Cybersecurity PLC (AIM:CCS) CEO Tom Ilube speaks to Proactive’s Thomas Warner after the company releases its interim results for the six months to 30 June 2023. Dr. Ilube outlines the company’s strong performance in the first half of this year. He highlights that revenue has grown by 27% year-on-year to £1.9m and annual recurring revenue has surged by 35% to £2.7m. The company’s profit margin also improved from 16% to 20%.
Dr. Ilube highlights Crossword’s focus on organic growth and efforts to work closely with key accounts. He addressed the impact of generative AI on cybersecurity and revealed that Crossword is actively looking at how it can integrate AI into its products, particularly in the supply chain and network monitoring areas.
He revealed that the main challenge for the company moving forward is converting the sales pipeline into closed deals. “The challenge for the second half of this year is to take that pipeline and translate it into closed deals, closed contracts with clients…that’s where all our energy is going.”
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