Brief: Axway Software H1 Operating Profit Up At EUR 11.2 Mln

74Software SA

26/07/2023 17:36

July 26 (Reuters) - Axway Software SA  AXW.PA :
    * CONTINUED STRONG REVENUE PERFORMANCE IN H1 2023
    * FIRST-HALF REVENUE GROWTH UP 11.0% ORGANICALLY AND 6.6%
OVERALL
    * Q2 REVENUE UP 11.7% ORGANICALLY AND 5.9% OVERALL
    * IMPROVED FREE CASH FLOW TOTALING EUR 16.5M COMPARED TO EUR
8.2M
IN H1 2022
    * IN FIRST HALF OF 2023, AXWAY GENERATED REVENUE OF EUR
145.5M, UP
11.0% ORGANICALLY AND 6.6% IN TOTAL
    * PROFIT FROM RECURRING OPERATIONS WAS EUR 14.7M IN H1 2023,
OR
10.1% OF REVENUE
    * OPERATING PROFIT FOR HALF-YEAR WAS EUR 11.2M, OR 7.7% OF
REVENUE
    * NET PROFIT FOR PERIOD WAS EUR 3.7M, REPRESENTING 2.5% OF
REVENUE
COMPARED TO 1.8% IN H1 2022
    * BASIC EARNINGS PER SHARE WERE EUR 0.17 FOR PERIOD, UP FROM
EUR
0.11 IN H1 2022
    * FOR 2023, AXWAY CONFIRMS ITS ANNUAL OBJECTIVES

Source text for Eikon:  ID:nBw5FcxyRa 
Further company coverage:  AXW.PA 

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