It just keeps getting better for shareholders of Prophecy International Holdings Limited (ASX: PRO). The shares have risen another 7.3% today to $2.21.
So What: Prophecy is an international software developer and the name behind a product called 'Snare' – a network monitoring and analysis tool. Essentially, Snare can be used to identify hackers and other intruders and provide an audit trail of network activity.
Sales growth for Snare has been remarkable and is a large reason why Prophecy's share price has risen an incredible 459% over the last 12 months. The company's acquisition of the eMite business has also made a great contribution.
Today, the company said that it enjoyed "an excellent start" to the 2016 financial year with a "buoyant set" of numbers for the first quarter. New sales invoiced were $3.4 million while the total amount of income recognised during the period was $4.54 million (compared to $1.41 million in the prior corresponding period).
The company said: "Considering that Q1 covers the Northern Hemisphere summer holiday season where business can run more slowly, this has been a very good result."
Now What: Prophecy isn't the only defence-focused tech stock soaring this year. Senetas Corporation Limited (ASX: SEN) is another company that has generated enormous returns, while Future Fibre Technologies Ltd (ASX: FFT) has also risen strongly since debuting on the ASX in May.
Indeed, it is clear that cyber security (and other forms of security) are becoming increasingly important in today's world, especially considering the growing threat of corporate hacks, cyber theft and even terrorism. All three of these companies could certainly play an important role protecting against these threats in the future.
