and thank to of today. us you Kenny. call, results to for welcome our would conference like Thank all joining I you you,
that are at and strong key point to demonstrating inflection fourth is Allot very results, turnaround. XXXX pleased a quarter its We report full year in
quarter fourth to sequentially, Our revenue increased revenues year-over-year a representing return growth. and both
For A of to we our Security XXXX, contributor at revenues to year. growth year-over-year. the SECaaS, last of and reported as a similar strong those engine, consistently was level Service, full year growing sequentially a the revenues
million, $XX.X For the XX% of previous the at year, and year-over-year. ARR revenues million, the $XX.X full over contributed up SECaaS year the year-end up XX% was
] back significant long-term the XXXX. the [ XX%, in We margins a XX% recovery from to around gross Allot's brought of around range
a million results return show of year. profitability a the loss versus million to the last of with Our $X.X $XX non-GAAP for net income year
Importantly, flow years, generation we several reported $X.X cash XXXX. in the in first million generating for positive time
positive going result, $XX we continue trend to a a cash expect of increased million, forward. our position As year-end that
would very I and work like hard thank through fantastic turnaround. the the dedication much successful supporting Allot the their I I'm year, about I look the of in to for and ahead. to bringing team on the past determination admire years what accomplished and forward proud of have the key was which we in results XXXX. at building together, momentum achieving this strong incredibly
small recent being our new I'm their in especially protected that traction them importance gain consumers continued and to their we renewed which a minutes. will provider. and markets. The I with by key work fully win Allot appreciate to end success among seamlessly adopt cybersecurity market closely the demonstrates of included telcos with elaborate strong CSPs, highlight strategy businesses strong customers continues of focus and Verizon, The in are contracts and operators and service our securing was gaining and with solution help on telecom traction momentum. go-to-market solutions. recent and security-first major significant excited SECaaS Our our few which
line, As and profitability. inflection growth much Allot significant positioned is we Allot's advance well smart sold structure. long-term part successfully security-first to trend solid of a unified we continues It Today, strategy, an our and our to to and and of XXXX point security-first business at technology and continue product of built excellent of very is our through move it innovation, as product Allot. years on a revenue new provide
product Looking during ahead, revenue our from level year. of stable coming line Smart we expect the
predictable line, believe less solid we product we this a potential line than for is our have upside. XXXX, and long-term product While visibility pipeline is in there SECaaS a
offering. our our growth to engine, over moving SECaaS Now
continued of revenue as each to share quarter Our an grow our business increasing contributing SECaaS passes.
expect XXXX, SECaaS our be and year list strong extensive will among of bases top-tier security our customers our improve we launching driven well those by of subscriber traction largely profitability. customers. and Looking ahead growth Growth as as growing of solution revenue solution double-digit to the and another ARR increased the of
to that hope we to contracts are some the on opportunities quarters. we We of have of in a working strong convert coming new pipeline which
support To customers. growing strong examples Verizon announce the momentum I in mobile in to signing a of Allot the recent provider with business. a agreement for highlight service of solutions very to business our few between traction, phone happy business new demonstrate launches Allot our SECaaS them and and which want We cybersecurity will were
largest United and We the to in the of the wireless and most one States provider prestige proud with are world. partner Verizon,
mobile base. available agreement the the Verizon strong with experienced customer extended solution to Since million to fixed Verizon to to customers, service business late year and X.X customer has access past over provide deduction network-based giving potentially protection grow our Verizon business service. base. option XXXX, we the the wireless have This cybersecurity new makes our subscribers, use to continue This our Verizon among business partnered
XX As of business opportunity XXXX year-end, growth and for Allot. significant market long-term targeted representing over reported Verizon million subscribers, addressable
product will expand zero-touch threats. Verizon wide Our capabilities, cyber security the customers a protection secure business, of offering network support from range
business, coming over we Verizon relationship strong We hope with to with further collaboration working our and have years. built the extend a them solid
with broadband cybersecurity customers, the a contract and grow. service protection announced we we all them they new builds launched already to relationship complementing our to protection Allot their on Together, customers, mobile provide Vodafone our continues services. U.K. November, In with fixed
[ In protection home broadband U.K. solution traction strong notably both customer Our a customer launch, their and all Vodafone increased only at network. ] across devices has mobile on and U.K. networks Vodafone gained few and excellent threat solution across months our since and satisfaction
mobile within our group. part the is to solution, security broadband PPF of deploy Group OX Secure. a fixed Group now cybersecurity for operator and Last powered PPF solution by of customers, both Allot month, our OX DNS Czech fifth Republic, the footprint further strengthening launched
new under [ for strategy, growth. becoming ] discussed will unified Last unit. Allot's structure investors. organizational company, operating I especially quarter, new strategy and security-first business one is I for Allot new our recap
foundation combining capabilities, is expertise, areas: deep X cybersecurity key Our intelligence. and improving network
and integrated a existing compelling We differentiated between intelligent to one offering, have combination on XG era. creates been proposition, us assets enabling match. solutions leverage our working the of worldwide security management handful including our network value network for a solution, that The only fully-integrated synergies focus visibility, highly traffic cloud-based can hard companies deliver to and cybersecurity a
into ways threats to offering maintaining customers that we while visibility networks see the constantly intelligence advantage Cyber consumer. a value expanding the to enhance network take of ability CSP offering in traditionally combined example, traffic. finding For are new customers, strong protect the and
ahead security stay to on off-net. broadening to looking are cybersecurity protection, a offer offering those XXX-degree and of threats our by both We
connected Today, cybersecurity end customers networks. while to provide telco seamlessly can users to their
they whatever a Our network at consumers customers provide choose will to that with vision is all protection our be times to use. able
offering, Our meeting to product unique to value needs, win presence, and new continue we looking are R&D Service agility broaden With to add our working a innovative solution existing ever growing while to in customer expanding and our to expand are our customers customer our to customers well of maintains strong Security its market teams as ensure base. within proposition. also constantly value solutions portfolio positioned our
This customers' brings to go-to-market me centrally our approach.
have structured customer organization to evolving better We the demands. support
sales while structure We empowering new to and team new expanding personalized believe a already regional customer a more our now more approach. and sales marketing on for have is us, opportunities base attracting and effectively this enabling installed focus success, creating them function customers. Our
a in with long flow. point and It a a SECaaS in first key an is with double-digit revenue growth, cash and is a performance on that year very basis clear inflection we profit of fourth time. our are and positive culminating following on-ground summary, pleased quarter In our growth at in ARR XXXX, profitable strong Allot profitable
by service new recent momentum offering and leading launches customers. wins continues contract to security is as Our demonstrated gain at
Our market, in us integrating enhance differentiates both existing solution fully-integrated strategy, network for cybersecurity intelligence that unified delivering security-first widely and new customers. and value the
ahead. ARR and strategy our another optimistic we expanding I'm SECaaS about focused on XXXX, revenue profitability. growth double-digit remain advancing to year ahead and Looking the opportunities and increasingly of executing improved on
And summary. Liat, our would ahead. it financial over CFO, please Nahum, to the like go now I hand to for Liat
