Brief: Axway Software Q3 Revenue Down At 71.2 Million Euros

74Software SA

23/10/2019 16:57

Oct 23 (Reuters) - AXWAY SOFTWARE SA  AXW.PA :
    * AXWAY SOFTWARE – 3RD QUARTER 2019: PIPELINE GROWTH BOOSTED
BY
THE AMPLIFY™ OFFER
    * Q3 REVENUE OF EUR 71.2 MILLION, DRIVEN BY DOUBLE-DIGIT
SUBSCRIPTION GROWTH
    * FOR 2019, THE GROUP CONFIRMS IT ANTICIPATES: A RETURN TO
ORGANIC
BUSINESS GROWTH, THAT SHOULD CONTINUE INTO 2020 AND ENABLE AXWAY
TO ACHIEVE REVENUE OF AROUND €300 MILLION,
    * FOR 2019, THE GROUP CONFIRMS IT ANTICIPATES: AN OPERATING
MARGIN
ON BUSINESS ACTIVITY OF BETWEEN 8% AND 10%
    * AT SEPTEMBER 30, 2019, AXWAY HAD A SOLID FINANCIAL
POSITION,
WITH CASH OF €25.2 MILLION AND BANK DEBT OF €59.2 MILLION.

Source text for Eikon:  ID:nBw1T9btca 
Further company coverage:  AXW.PA 

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