Axway Software: Strong Revenue Performance in Q3 2023
Summary
In recent months, several major developments have taken place: • The MFT product line, designed to meet the growing demand of large organizations for a reliable, high-performance managed file transfer solution, has seen a surge in adoption. With regard to e-invoicing, the pipeline has grown strongly over the last 6 months, due in particular to the interest shown by many service providers in certified expertise around the PEPPOL network; • Axway has, for the 8th time in its history, been recognized among the world leaders in the APIM market in the Gartner Magic Quadrant™ for API Management 2023 study. This performance will recognize the remarkable work of Axways teams, once again rewarded by the recognition of the quality of our solutions and our vision of the market by leading analysts, as well as by our renewed ability to regularly enrich our product portfolio and our offering catalog. Full-year results to be published next February will enable us to assess our progress and project the future development of our strategy in more detail, but in the meantime, a year-end full of challenges and opportunities awaits us!” In Q3 2023, Axways revenue was €69.4m, up 11.3% organically and 2.7% in total. The activity continued to progress strongly, with quarterly organic growth of 32.4%, driven by the buoyancy of the Subscription business, up almost 130% compared with Q3 2022, on the back of significant Customer Managed bookings over the period.
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