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Q1 growth boosts Exclusive Networks' outlook

Exclusive Networks started the year with strong Q1 results, witnessing growth across all regions.

EMEA saw a 27% increase in gross sales to €925m, with 126% vendor and 123% customer retention. 

The board's confidence was boosted by Q1's performance, projecting full-year gross sales above €5,150m and EBIT between €172m-€178m. 

EMEA's growth was fueled by continued momentum and a substantial 2022 backlog.

In the Americas, gross sales surged 50% YoY to €140m due to significant deals, new vendors, and robust partner retention. Meanwhile, APAC experienced growth with gross sales rising to €115m.

CEO Jesper Trolle (pictured) said: “We grew faster than the cybersecurity market once again, with growth in all regions. This is an impressive result in a challenging macro environment which has impacted global IT budgets.”