Specifically, revenue jumped 36% year-over-year in the fourth quarter to $109.1 million. The growth was supported by a 38% increase in licensing revenue and 33% growth in maintenance and professional services sales.

For the current quarter, the company projects revenue generation between $91 million and $93 million, or a 27% to 30% increase from the previous year. For the year ahead, the company anticipates revenue to rise between 20% and 21% in a range between $411 million to $415 million.

“We were pleased to accelerate revenue growth across the Americas, EMEA and APJ, which demonstrates our strong execution, commitment to innovation, and the robust market fundamentals. As the recognized leader in privileged access security, we enter 2019 with strong momentum and are well positioned to deliver sustainable growth and profitability,” Mokady said, according to TheStreet.

For more information on the tech sector, visit our technology category.

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