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Axway Software will not reach its revenue target in 2021 – 01/19/2022 at 18:17


(AOF) – If Axway is able to confirm its 2021 profitability target providing for an operating margin on activity representing at least 11% of its turnover, the company announces that the latter will not experience the expected organic growth. . While the company was anticipating organic revenue growth of between 2% and 4% in 2021, initial estimates, at this stage unfinalized and unaudited, show annual revenue of around 285 .5 million euros, down organically by around 2.7%.

With growth of 2% over the first 9 months of the year, Axway’s activity was down 13.5% in the fourth quarter of 2021.

“Over the period, several cases saw their schedule pushed back or their budget reallocated. Some major clients and prospects, exposed to significant recruitment difficulties in their IT and administrative teams, did not launch the expected projects” explained the banking software publisher.

Axway has warned that these staff shortages could continue throughout the 2022 financial year.

As planned, the details of the 2021 annual results will be published on February 22, 2022 after market close.

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IT / Software: the consecration of the cloud

The health crisis has generally had a positive impact on the software world, particularly the French market.

In 2020, for the first time, companies spent more globally with cloud players (or dematerialized computing) such as Amazon Web Services or Microsoft Azure, than with manufacturers of equipment and software (servers , routers, etc.).

French software is doing well

By accelerating the digitization of exchanges and production methods, the health crisis has had a positive effect on the top hundred French software publishers. The cumulative turnover of the Truffle 100, ranking of French software publishers, increased by 6.6% from 10.9 billion euros in 2019 to 11.6 billion euros in 2020. Only 33% of these publishers show declining revenues, well below forecasts (62%). For the publishing business alone, all Truffle 100 revenues increased by 4.6%. 87% of these players offer SaaS (Software as a Service) and 63% want to increase their projects internationally, where 76% of them are already present.

Dassault Systèmes is still the leading French publisher, with 4.024 billion euros in revenue (+12.6%), followed by Sopra Steria (658.5 million), Murex (580 million) and Cegid (498 million euros, ). With growth of 56%, Claranova relegates Cegedim to sixth place.

The cloud strengthened by the health crisis

According to research firm Synergy Research, for the first time last year, companies around the world outsourced their data and software hosting more online, spending nearly $130 billion in the cloud. (+30% in one year). They have invested “only” 90 billion dollars in their computer rooms. First, the servers available online allowed massive remote use. In addition, the influx of new users on tools like Zoom or Teams has pushed the publishers of these software to spend more on cloud platforms. With 5G, currently being deployed, new uses will appear.



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