Brief: Axway Software Q1 Revenue Up At EUR 71.8 Million

74Software SA

27/04/2023 06:36

April 27 (Reuters) - Axway Software SA  AXW.PA :
    * AXWAY SOFTWARE: VERY STRONG START TO THE YEAR IN Q1 2023
    * ANNUAL RECURRENT REVENUE (ARR)OF EUR 196.8M, UP 12.3% ON
END-MARCH 2022
    * QUARTERLY REVENUE UP 10.3% ORGANICALLY AND 7.3% OVERALL
    * VERY STRONG GROWTH IN Q1 REVENUE FROM SUBSCRIPTION
ACTIVITY OVER
QUARTER (+53.1%)
    * ACQUISITION OF BELGIAN COMPANY ADVALVAS SPECIALIZED IN
ELECTRONIC INVOICING
    * FOR 2023, FOLLOWING GOOD PERFORMANCE OF Q1, AXWAY CONFIRMS
ITS
ANNUAL OBJECTIVES OF ORGANIC REVENUE GROWTH OF BETWEEN 0 AND 3%
AND FURTHER IMPROVEMENT OF PROFIT ON OPERATING ACTIVITIES TO
REACH 15 TO 18% OF REVENUE
    * MID-TERM OUTLOOK CONFIRMED
    * IN Q1 2023, AXWAY'S REVENUE WAS EUR 71.8M, UP 10.3%
ORGANICALLY
AND 7.3% IN TOTAL

Source text for Eikon:  ID:nBw1RqHfCa 
Further company coverage:  AXW.PA 

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