Tesserent (ASX: TNT) – Leading ASX Cybersecurity Company Announces New Internal Restructure

TL;DR

Tesserent is the largest listed cyber security company in the ASX, offering consulting, managed services, and products to clients across Australia and New Zealand.

Transcript

hey guys and welcome back to the asx investor channel and welcome back to another asx ceo interview today we are very excited to be bringing to you all another interview we'll be unpacking the tesseract story they're the asex's largest listed cyber security company the riding on the tailwinds of a growing sector they've had some phenomenal results ... Read More

Key Insights

• 🥺 Tesserent is the leading cyber security company in the ASX, offering consulting, managed services, and products to clients in various sectors.
• 🎯 The company's financial performance has been impressive, surpassing their turnover target and achieving record EBITDA numbers.
• 😵 Tesserent is reorganizing to leverage cross-selling opportunities and transition clients to security as a service, aiming for strong organic growth and increased profitability.
• 📣 The company focuses not only on revenue growth but also on talent development and strategic investments to address the industry's skills gap and stay at the forefront of innovation in the cyber security sector.

Questions & Answers

Q: What is Tesserent's core focus in the cyber security industry?

Tesserent is primarily focused on providing cyber security consulting services, managed services, and products, targeting government, financial services, and critical infrastructure sectors. They strive to keep Australian and New Zealand businesses safe from cyber threats.

Q: How did Tesserent perform financially in the recent quarter?

Tesserent exceeded their turnover target of $150 million, achieving record EBITDA numbers and a significant increase in managed services contracts. They also experienced strong organic growth and cross-selling between different service lines.

Q: What is Tesserent's strategy for future growth?

Tesserent aims to further accelerate organic growth and increase their focus on security as a service. They plan to integrate different capabilities under the Tesseract brand, provide end-to-end solutions to clients, and make strategic acquisitions to expand their geographic reach and offerings.

Q: How does Tesserent address the industry's skills gap?

Tesserent has established the Tesserent Academy to train and develop their staff. They are also partnering with educational organizations to address the industry's skills gap and attract top talent. Additionally, Tesserent supports innovative Australian cyber organizations by making strategic investments.

Summary & Key Takeaways

• Tesserent is a dedicated cyber security services business, providing consulting, products, and engineering services, with a focus on government, financial services, and critical infrastructure sectors.

• The company achieved strong financial results, surpassing their turnover target of $150 million, with record EBITDA numbers and a significant increase in managed services contracts.

• Tesserent has undergone a reorganization, bringing together different capabilities under the "Tesseract" brand, with a focus on cross-selling services and transitioning clients to security as a service.