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Firstwave Cloud Technology Limited (ASX:FCT)

ALERT: Price-sensitive ASX Announcement for FCT
Current share price for FCT : $0.008 0.001 (14.29%)+
Announcement
Release
8 Jul 2026 8:48AM
Price at Release
$0.007
Full Release
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Summary
FirstWave Cloud Technology Limited announced the extension of its agreement with Telstra to continue providing ISM-compliant email security services to several Federal Government agencies in Australia. The extended agreement will last 12 months starting July 2026 and will contribute to a total annual recurring revenue of approximately A$0.6 million, representing a 5% increase in both users and ARR. This move comes as part of FirstWave's strategy to leverage its CyberCision platform under a strong partnership with Telstra, while further emphasizing growth in AI-powered compliance strategies and high-margin recurring revenue streams.
Key Points
  • FirstWave Cloud Technology Limited extends its agreement with Telstra for providing secure internet gateway services.
  • The agreement extension is for 12 months, commencing July 2026.
  • The service includes ISM-compliant email security to several Federal Government agencies.
  • The total annual recurring revenue (ARR) under the agreement is around A$0.6 million, with a 5% increase in users and ARR.
  • The agreement is part of FirstWave's CyberCision platform offered through Telstra.
  • FirstWave is experiencing strong momentum in AI-powered compliance strategies with additional contracts.
  • FirstWave aims to further grow high-margin recurring revenues.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.