Linedata announced unaudited group sales results for the third quarter and nine months of 2017. For the quarter, the group's revenues were EUR 41.2 million, up 3.1% compared to the same period of the previous year. On a like-for-like basis and at constant exchange rates, revenues were down 7.4%.

The company generated revenues of EUR 131.9 million during the first three quarters of 2017, up 7.1% compared to the same period of 2016. On a like-for-like basis and at constant exchange rates, excluding the integration of Gravitas and QRMO from 2017, there was a decrease in revenues of 6.1%. Recurring incomes for the first nine months of 2017 were EUR 95.6 million, compared to EUR 90.1 million for the same period in 2016, a 6.1% increase. This represents a stable 73% of total revenue.

For the 2017 financial year overall, the company anticipates an increase in its revenues to the contribution of its recent acquisitions. However, and as indicated previously, the anticipated underlying negative organic growth rates, in conjunction with integration costs for recent acquisitions and higher R&D costs, will lead to a degradation of operational performance compared to 2016.