DataWalk's preliminary Q1 2024 results show a 100% y/y increase in revenue to PLN 6.4 million. The company secured significant contracts with Barclays, NICRIC, and the Polish Bank Association, confirming a return to a growth trajectory. CEO Paweł Wieczyński highlighted the impact of a new pricing strategy and the company's focus on acquiring major clients.
Product development included receiving a seventh US patent and advancing towards cloud architecture, which enhances scalability and performance. DataWalk leverages AI and graph analytics for monitoring suspicious behavior and detecting high-risk accounts. The company competes with global giants and participates in large-scale projects like a $500 million IT modernization contract for the US Department of Justice. Full financial reports will be published on May 15, 2024.
Source: strefainwestorow.pl
