Brief: Axway Software FY Revenue At EUR 319.0 Mln, 5.8% Organic Growth YoY

74Software SA

21/02/2024 17:45

Feb 21 (Reuters) - Axway Software SA  AXW.PA :
    * RENEWED ROBUST PERFORMANCE IN 2023
    * ANNUAL REVENUE OF EUR 319.0M IN 2023, WITH ORGANIC GROWTH
OF
5.8% COMPARED TO 2022
    * SOLID ARR GROWTH UP 6.6% VERSUS. END 2022, REACHING EUR
228.7M
    * MARGIN ON OPERATING ACTIVITIES UP 500 BASIS POINTS
YEAR-ON-YEAR
TO 19.7% OF REVENUE, OR EUR 62.8M
    * PROGRESSIVE INCREASE IN FREE CASH FLOW, IN LINE WITH
FORECASTS,
REPRESENTING 6% OF REVENUE OVER YEAR
    * NET PROFIT FOR YEAR WAS EUR 35.8M, REPRESENTING 11.2% OF
REVENUE
    * BOARD OF DIRECTORS WILL NOT PROPOSE PAYMENT OF A DIVIDEND
IN
RESPECT OF 2023 FINANCIAL YEAR.
    * FOR 2024, AXWAY ANTICIPATES ORGANIC GROWTH OF BETWEEN 1%
AND 3%,
AND A PROFIT ON OPERATING ACTIVITY OF AROUND 20% OF REVENUE.

Source text for Eikon:  ID:nBw1pNbkta 
Further company coverage:  AXW.PA 

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