Arqit quantum inc. announces financial and operational results for the first half of fiscal year 2023

$2.6 million of revenue and other operating income for the six month period first cloud platform revenues generated through previously announced channel partnership significant cost reduction initiative actioned adviser retained in connection with potential sale of satellite division london, may 17, 2023 (globe newswire) -- arqit quantum inc. (nasdaq: arqq, arqqw) (“arqit”), a global leader in post quantum encryption technology, today announced its operational and financial results for the six months ended 31 march 2023. recent operational highlights in december 2022, arqit launched a pivot in go-to-market strategy to selling our cloud delivered quantumcloud™ platform as a service (“paas") through channel partnerships rather than a previous emphasis on direct enterprise license sales.
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