Firstwave Cloud Technology Limited announced a significant upgrade to the FirstWave operated Cloud Content Security Gateway (CCSG), the core services platform for the high-end, complex, cloud security needs of Telstra's enterprise and government customers.

The company provided revenue guidance for the fiscal years 2016 and 2017. The company anticipates revenue for the fiscal year 2016 of $6.2 million -$6.4 million and a positive outlook for fiscal year 2017.