Axway Software – 2019 Full-Year Results:
Summary
This one-off and controlled decline in profitability, in line with forecasts and announcements, is mainly due to the scheduled acceleration of the Groups operational investments (R&D, Sales & Marketing) to complete its transformation initiatives. 2Sources: → Gartner, Magic Quadrant for Full Life Cycle API Management, Paolo Malinverno, Mark ONeill, Aashish Gupta, Kimihiko Iijima, October 9, 2019. This solid performance, which illustrates the rapid shift in the business mix towards new contracting models, was notably supported by a very clear acceleration in sales at the end of the year, generating organic revenue growth of 116.7% in Q4 2019. In addition, in line with previous announcements, the Group anticipates a rebound in profitability, enabling it to achieve an operating margin on business activity in excess of 10% for the financial year. Axway’s hybrid integration platform, AMPLIFY™, helps enterprise power users, IT specialists, developers, and partners accelerate digital transformation, create captivating experiences, and innovate new services.