Axway Software – 3rd Quarter 2020: Continued Growth Thanks to Dynamic Subscription Activity and Solid Customer Base
Summary
It quickly decided to maintain maximum flexibility in working methods until the end of the year and Axways teams successfully adapted their practices to the constraints and restrictions imposed by the COVID-19 pandemic. Business continuity plans and digital sales initiatives have borne fruit, enabling the company to record organic revenue growth and a further increase in new signatures. Due to COVID-19 impacts, Axway suffered in Germany from weakness in the automotive industry, while business grew in the United Kingdom and the company was able to strengthen its competitive position. - to achieve revenue of €500 million through organic growth in sales and acquisitions - to return to operating margin rates above 15% and gradually move towards 20% - to sustainably increase earnings per share to above €1. 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.