Infinigate Q1 results: 'Europe is growing steadily'

Swiss distributor saw double-digit growth in Europe and overall

Infinigate Group today published solid revenue growth for the first quarter of the financial year 2024-2025, begun in April 2024.

The Swiss distributor posted a revenue uptick of 16 per cent year-on-year, earning €600m in Q1.

The cybersecurity, cloud and networking infrastructure specialist saw significant growth in Europe, with revenues rising ten per cent in the region.

Its cybersecurity operations brought in the lion's share of growth, with the segment surging 88 per cent year-on-year.

Meanwhile, Infinigate's networking infrastructure arm was up 12 per cent.

The main drivers of cybersecurity were the distie's network security – ZTNA boosted by SASE adoption, DSPM, EDR / MDR & cloud security.

Infinigate added the strong results are the product of solid alliances and partnerships, progressive process automation and digitalisation for optimised efficiency and productivity.

"Our quarterly financial results demonstrate that we are on the right trajectory to achieve our targets. We will continue to build on them with the benefit of our unique technology platform, our strong vendor partnerships, our loyal ecosystem of partners, our increased geographical footprint and our technical and business expertise to intercept the cybersecurity market growth," said Klaus Schlichtherle, CEO of the Infinigate Group (pictured).

"Infinigate MEA is still the stellar performer, but Europe is growing steadily, fueled by our cloud-based CSP, MSP & MSSP businesses."

Infinigate said it is confident in its outlook, with prospected continued growth, both organic and acquisitive in nature.

As part of its M&A strategy, Infinigate made an important strategic investment in early July, securing a beachhead in the Australian and New Zealand market through Wavelink, now an Infinigate Group company.

Previous slow growth in Europe

In May Inifnigate reported a slowdown in Europe, but still managed to grow during the financial year ended in March 2024, despite a challenging market affected by the economic downturn in Europe.

The MEA region, once again, was the highlight of the past financial year, enjoying double-digit growth and healthy profit margins.

Infinigate's 2022 acquisition Starlink stood out as it outperformed the market, generating 26 per cent growth in MEA.