Corero Network Security (AIM:CNS), the AIM-listed distributed denial of service (DDoS) protection specialist, said order intake rose 50% to $11.1 million in the third quarter, up from $7.4 million a year earlier.
Year-to-date orders increased 28% to $25.4 million, from $19.9 million in the same period of 2025, with the company citing channel growth across North America, Western Europe, the Middle East, Southeast Asia, Central America and Oceania alongside new Tier-1 telecoms customers in the US and UK.
The quarter's commercial progress included two Tier-1 contract wins in markets where Corero said demand for network protection is being driven by regulation and infrastructure growth.
In September Corero signed a $3.4 million, five-year managed services contract with a UK Tier-1 fixed and mobile telecoms provider, delivered through its on-premises technology and UK-based security operations centre; the customer is already subject to the Telecommunications Security Act and is preparing for the Cyber Security and Resilience Bill as it progresses through Parliament.
Corero also secured a three-year, $1.4 million contract with one of the largest US wireless carriers, protecting its network with a software-only solution across a multi-vendor infrastructure, and a three-year, $0.5 million deal with a US NeoCloud provider covering two data centres with scope to expand, taking the company's NeoCloud reference base to three of the largest providers in that market.
Beyond the Tier-1 wins, Corero said it added customers across Europe, Latin America and Asia-Pacific during the quarter, with all but one contract originated through a channel partner, including new business in Slovenia, Mexico and Costa Rica, an expansion order from an existing Swiss data centre customer, and a contract expansion with an Australian government ICT services provider.
"This was another strong quarter for Corero, with bookings growth noticeably enhanced by the contribution of our renewed channel partner program," said chief executive Carl Herberger, pointing to the evolving attack landscape, tightening infrastructure regulation and accelerated growth in AI data centre and NeoCloud markets as drivers.
The update follows interim results last month in which Corero said it now expects full-year 2026 revenue and EBITDA to exceed market expectations, after first-half revenue rose 42% to $15.5 million and EBITDA swung to a $2.6 million profit.
