Suse Reports In: line results, confirms guidance following IPO
15/07/2021 06:51
BERLIN, July 15 (Reuters) - German open-source software
company SUSE SUSEG.DE on Thursday reported results in line
with expectations and confirmed its guidance, in the first set
of quarterly results since it floated on the Frankfurt Stock
Exchange in May.
Adjusted revenue was up 9% to $136.8 million while adjusted
EBITDA fell 3% to $48.2 million. SUSE confirmed its IPO guidance
for adjusted revenue of $550 million to $570 million and an
adjusted EBITDA margin in the mid-30% range this year.
The company, headed by former SAP executive Melissa Di
Donato, floated in Frankfurt in May and its shares have since
gained just over 10% from their IPO price of 30 euros to value
the business at $6.6 billion. urn:newsml:reuters.com:*:nL5N2N61KX
SUSE provides open-source software for companies to run
applications at cloud data centres, on-premise servers,
mainframe computers and devices at the edges of networks, making
it a play on digital transformation.
(Reporting by Douglas Busvine)
((douglas.busvine@tr.com; +49 30 220 133 562;))