Why the Senetas (ASX:SEN) share price is surging 12% today

The Senetas Corporation Limited (ASX: SEN) share price is on the run today following the release of its preliminary results and an update on its Votiro investment.

At the time of writing, shares in the developer of encryption security solutions are up 12.2% to 6.4 cents.

Senetas performance update

In today’s release, the company delivered a robust result for the first half of the 2021 financial calendar.

For the period ending 31 December, subject to auditor review, Senetas achieved revenue growth of $12.5 million to $12.8 million. This reflects an increase of more than 30% on the prior corresponding period (pcp). The company highlighted strong sales of its 100Gbps encryptors, and growing market presence in the Middle East and…