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Absolute Software (NASDAQ: ABST) announced a leadership change with the departure of CFO Steven Gatoff for other opportunities. Ron Fior will serve as interim CFO while the company searches for a permanent replacement. CEO Christy Wyatt expressed confidence in Fior's extensive experience and the finance team. Absolute is known for its self-healing Zero Trust solutions, securing over 16,000 customers and embedded in more than half a billion devices, positioning itself as a leader in the cybersecurity sector.
Absolute Software has completed the SOC 2 Type I audit for its NetMotion by Absolute secure access cloud platform, reinforcing its dedication to data security and compliance. This independent audit validates that NetMotion meets the Trust Services Criteria set by the AICPA. As a leader in self-healing Zero Trust solutions, Absolute provides remote workforce solutions that enhance security and productivity. The company is also an ISO 27001 Certified Organization, ensuring effective information security management.
Absolute Software (NASDAQ: ABST) will present at the Raymond James 43rd Annual Institutional Investors Conference on March 9, 2022, at 10:25 AM Eastern Time. A live webcast of the event will be accessible via the Absolute Investor Relations website. The company, recognized as a leader in Zero Trust solutions, is trusted by nearly 16,000 customers and is embedded in over half a billion devices, ensuring maximum security and productivity for distributed workforces.
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Absolute Software Corporation (Nasdaq: ABST) reported strong financial results for Q2 FY2022, showing revenue of $49.0 million, a 64% increase year-over-year. Adjusted Revenue grew to $52.9 million, representing a 77% increase from the previous year. Despite a net loss of $5.1 million, Total ARR reached $195.6 million, up 66%, with Enterprise & Government ARR growing by 94%. The Adjusted EBITDA margin was 26%. The company has increased its full-year adjusted revenue guidance to $206 million to $208 million, reflecting continued growth opportunities in the hybrid work environment.
Absolute Software (NASDAQ: ABST) announced that its NetMotion Mobility 12.14 product achieved the Common Criteria EAL 4+ certification, the highest internationally recognized level for software security. This accolade positions Absolute as the sole network solutions provider with this certification across multiple platforms, including Android, iOS, macOS, and Windows. The certification underscores its commitment to meeting stringent security standards for governmental and enterprise clients. This product offers secure, resilient access for remote workforces and is part of Absolute's Zero Trust solution portfolio.
Absolute Software (NASDAQ: ABST) has declared a quarterly dividend of CAD$0.08 per share, payable on February 25, 2022, to shareholders on record by February 11, 2022. This dividend is classified as an eligible dividend under Canadian tax laws. The company specializes in Zero Trust security solutions, aiming to enhance productivity and security for remote workforces. With over 16,000 customers, it continues to establish its presence in the cybersecurity space, recognized as a leader in Zero Trust Networking.
Absolute Software (NASDAQ: ABST) will release its financial results for Q2 fiscal 2022 on February 8, 2022, after market close. The results will cover the period ending December 31, 2021. A conference call to discuss the results and business outlook will occur at 5:00 p.m. ET the same day. Financial statements and management discussions will be available on the company's website and other regulatory platforms. Absolute is recognized for its self-healing Zero Trust solutions, driving security for its extensive customer base.
Absolute Software (NASDAQ:ABST) will present at the Needham Virtual Growth Conference on January 13, 2022. The company specializes in self-healing Zero Trust solutions, enhancing security for remote workforces. Their platform is embedded in over half a billion devices, providing visibility and control over endpoints and applications. Trusted by nearly 16,000 customers, Absolute was recognized as a leader in Zero Trust Networking by G2 in Fall 2021. A webcast of the event will be available on the Absolute Investor Relations website.