Axway Software: Preliminary Annual Results
January 25 2024 - 12:30AM
Business Wire
Regulatory News:
Axway (Paris:AXW) today announces preliminary annual results
ahead of expectations for the fiscal year ended December 31, 2023.
Current estimates, which are still being audited, indicate that the
company is exceeding its organic growth and profitability guidance
for the year.
As anticipated, the comparison basis of bookings and revenue for
Q4 2022 was not matched in Q4 2023. A stronger-than-expected mix of
customer managed contracts at year-end resulted in higher revenue
recognition. Although this accounting effect was favorable in 2023,
Axway’s medium-term performance projections remain unchanged.
Consequently, Axway now expects for 2023:
- Organic revenue growth above 5%, compared
with 0 to 3% previously;
- Operating profit from business activity
representing above 19% of revenue, compared with 15 to 18%
previously.
For 2024, the company forecasts organic growth of between 1 and
3%, and profitability of around 20% of revenue.
As a reminder, Axway will publish and present its detailed
annual results on February 21, 2024 after market closing.
Financial Calendar
Wednesday, February 21, 2024, after market closing: Publication
of 2023 Full-Year Results
Wednesday, February 21, 2024, 6:30 pm (UTC+1): 2023 Full-Year
Results Analyst Conference
Disclaimer
This press release contains forward-looking statements that may
be subject to various risks and uncertainties concerning Axway’s
growth and profitability. Activity during the year and/or actual
results may differ from those described in this document as a
result of a number of risks and uncertainties set out in the 2022
Universal Registration Document filed with the French Financial
Markets Authority (Autorité des Marchés Financiers, AMF) on March
24, 2023. The distribution of this document in certain countries
may be subject to prevailing laws and regulations. Persons present
in these countries and in which this document is disseminated,
published, or distributed, should obtain information about such
restrictions, and comply with them.
About Axway
Axway enables enterprises to securely open everything by
integrating and moving data across a complex world of new and old
technologies. Axway’s API-driven B2B integration and MFT software,
refined over 20 years, complements Axway Amplify, an open API
management platform that makes APIs easier to discover and reuse
across multiple teams, vendors, and cloud environments. Axway has
helped over 11,000 businesses unlock the full value of their
existing digital ecosystems to create brilliant experiences,
innovate new services, and reach new markets. Learn more at
axway.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240124031090/en/
Investor Relations: Arthur Carli – +33 (0)1 47 17 24 65 –
acarli@axway.com
Axway Software (EU:AXW)
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