Brief: Axway Software Q3 Revenue AT EUR 69.8 Mln, In Line With Annual Targets

74Software SA

20/10/2021 16:51

Oct 20 (Reuters) - Axway Software SA  AXW.PA :
    * Q3 2021 REVENUE OF €69.8 MILLION, IN LINE WITH ANNUAL TARGETS
    * YEAR TO DATE REVENUE OF EUR 208.2 MILLION UP 2.0% ORGANICALLY
    * SIGNATURE METRIC UP 13.1% YEAR TO DATE
    * NEW SUBSCRIPTION ACV UP 5.2% TO EUR 8.5 MILLION IN Q3 2021
    * SUBSCRIPTION ACTIVITY UP 27.2% ORGANICALLY IN QUARTER
    * AT SEPTEMBER 30, 2021, AXWAY HAD CASH OF EUR 18.5 MILLION AND NET DEBT OF
EUR
29.7 MILLION
    * FOR 2021, AXWAY CONFIRMS ITS OBJECTIVE OF ACHIEVING ORGANIC REVENUE GROWTH
OF
BETWEEN 2% AND 4%. COMPANY ALSO CONFIRMS THAT IT IS AIMING TO IMPROVE ITS
PROFITABILITY WITH AN OPERATING MARGIN OF BETWEEN 11% AND 13% OF REVENUE FOR
YEAR
    * IN MEDIUM TERM, AXWAY'S AMBITIONS REMAIN

Source text for Eikon:  ID:nBw8Rlkl0a 
Further company coverage:  AXW.PA 

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