Allot’s SECaaS Revenue Surges 54% Amid Growth Focus

SECaaS Revenue Growth and Financial Highlights

Allot Communications Ltd., a leader in security and network intelligence solutions, has reported a significant 54% year-over-year increase in its Security-as-a-Service (SECaaS) revenue for Q2 2024. This growth comes alongside a reduction in the company's non-GAAP net loss to $0.8 million from $18.3 million last year, and a positive operating cash flow of $1.2 million. The cash reserves remain strong at $53.2 million, demonstrating Allot's robust financial health.