A significant increase in bookings and revenue in 2018 confirm the company's position as the leading provider of Digital Intelligence solutions across the globe.
Cellebrite , the leading provider of digital intelligence solutions, today announced another record year for bookings and revenue. In the fourth quarter, bookings grew 13.5% and revenue increased 11% year on year. Bookings for 2018 grew 33% percent, while annual revenue grew by 35%, with a year on year improvement in EBIT of 25%, compared to the company's performance in 2017.
These results reflect key business transactions in the law enforcement, military and intelligence sectors in all major global markets.
Highlights for 2018 include:
- Significant sales growth in international business particularly in LATAM and EMEA
- Enrichment of our portfolio of products with an emphasis on innovation, delivering increased capabilities in digital forensics, and accelerating time to evidence across a wider range of leading IOS and Android devices and Cloud applications
- Greater adoption of our analytics product line, more than doubling the number of customers using these solutions
- Offloading non-core business with the sale of Mobilogy
- The opening of a new CAS lab in Australia, with more planned in other territories in 2019.
"2018 was yet another record year, delivering major progress in the execution of our long-term strategy, becoming a one stop shop offering within the Digital Intelligence space," said Yossi Carmil, Global Co-CEO. "We enter 2019 with great optimism and continued enthusiasm around our portfolio of solutions and offerings."
