Axway Software: Solid start to the year in Q1 2024
Axway Press Releases
Paris, April 25, 2024 - Axway (Euronext: AXW.PA) made a solid start to 2024 thanks to sustained sales activity, driven in particular by the Americas and Rest of Europe regions, which recorded important revenue growth. As large companies continue to accelerate their move to cloud infrastructures, Axway is benefiting from its optimized organization by regions and main products to accelerate new customer acquisition. Over the period, thanks to 3 large deals, the value of new customer bookings more than doubled compared with 2023. This trend was accompanied by quarterly organic revenue growth of 6.9%, underpinned by the go-live of contracts signed in the second half of 2023.
- Organic revenue growth of 6.9% over Q1 2024, reaching €76.9m revenue
- Annual Recurring Revenue (ARR) at €227.8m, up 8.4% compared with end-March 2023
- Buoyant Subscription activity with organic growth of over 30% for the quarter
- Sopra Banking Software acquisition project well on track