Brief: Axway Software Expects 2023 Organic Revenue Growth Above 5%

74Software SA

25/01/2024 07:46

Jan 25 (Reuters) - Axway Software SA  AXW.PA :
    * CURRENT ESTIMATES, WHICH ARE STILL BEING AUDITED, INDICATE
THAT
COMPANY IS EXCEEDING ITS ORGANIC GROWTH AND PROFITABILITY
GUIDANCE FOR YEAR
    * AS ANTICIPATED, COMPARISON BASIS OF BOOKINGS AND REVENUE
FOR Q4
2022 WAS NOT MATCHED IN Q4 2023
    * EXPECTS FOR 2023: ORGANIC REVENUE GROWTH ABOVE 5%,
COMPARED WITH
0 TO 3% PREVIOUSLY
    * EXPECTS FOR 2023: OPERATING PROFIT FROM BUSINESS ACTIVITY
REPRESENTING ABOVE 19% OF REVENUE, COMPARED WITH 15 TO 18%
PREVIOUSLY
    * FOR 2024, COMPANY FORECASTS ORGANIC GROWTH OF BETWEEN 1
AND 3%,
AND PROFITABILITY OF AROUND 20% OF REVENUE

Source text for Eikon:  ID:nBw62wkQsa 
Further company coverage:  AXW.PA 

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