Brief: cBrain Upgrades 2023 Financial Guidance

cBrain A/S

07/08/2023 11:46

Aug 7 (Reuters) - Cbrain A/S  CBRAIN.CO :
    * CBRAIN UPGRADES 2023 FINANCIAL GUIDANCE
    * FULL-YEAR REVENUE GROWTH GUIDANCE FOR 2023 IS NOW REVISED
AND
INCREASED TO 20-25%, UP FROM PREVIOUS RANGE OF 15-20%
    * FULL-YEAR GUIDANCE FOR EARNINGS BEFORE TAX (EBT) IS NOW
REVISED
AND INCREASED TO 20-25%, UP FROM PREVIOUS RANGE OF 18-22%
    * HIGHER THAN EXPECTED REVENUE GROWTH IS PRIMARILY DRIVEN BY
INCREASED SOFTWARE SALES OF F2 USER LICENSES
    * HIGHER THAN EXPECTED REVENUE GROWTH IS PRIMARILY DRIVEN BY
INCREASED SOFTWARE SALES OF F2 USER LI-CENSES
    * NOW ANTICIPATES A DIFFERENT SPLIT BETWEEN SOFTWARE REVENUE
AND
SERVICES REVENUE, WITH A HIGHER PERCENTAGE OF SOFTWARE REVENUE
    * SOFTWARE REVENUE BASED ON USER LICENSES DRIVES A HIGHER
EARNINGS
MARGIN THAN CONSULTING SERVICES

Source text for Eikon:  ID:nGNE3bJXtC 
Further company coverage:  CBRAIN.CO 

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