Brief: Axway Software Q1 Revenue At EUR 66.9 Million

74Software SA

28/04/2022 08:29

April 28 (Reuters) - Axway Software SA  AXW.PA :
    * Q1 2022 REVENUE OF EUR 66.9 MILLION, ABOVE FORECASTS
    * ANNUAL RECURRING REVENUE (ARR) OF EUR 182.3 MILLION, UP
2.7%
COMPARED TO Q1 2021
    * AT MARCH 31, 2022, AXWAY HAD CASH OF EUR 34.6 MILLION AND
NET
DEBT OF EUR 27.0 MILLION
    * FOR 2022, AXWAY'S OBJECTIVE IS TO ACHIEVE ORGANIC REVENUE
GROWTH
OF BETWEEN 1% AND 3%
    * OUTLOOK: AIMS TO IMPROVE ITS PROFITABILITY, WITH A MARGIN
ON
OPERATING ACTIVITIES OF BETWEEN 12% AND 14% OF REVENUE FOR YEAR
    * IN MEDIUM TERM AMBITIONS REMAIN TO: ACHIEVE REVENUE OF EUR
500M
THROUGH ORGANIC GROWTH IN SALES AND THROUGH ACQUISITIONS
    * IN MEDIUM TERM AMBITIONS REMAIN TO RETURN TO OPERATING
MARGIN ON
BUSINESS ACTIVITY RATES ABOVE 15%
    * IN MEDIUM TERM AMBITIONS REMAIN TO SUSTAINABLY INCREASE
EARNINGS
PER SHARE TO ABOVE EUR 1

Source text for Eikon:  urn:newsml:reuters.com:*:nBw9lQRgba
Further company coverage:  AXW.PA 

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