Linedata reported revenue results for the first quarter of 2014. For the quarter, the company recorded revenues of EUR 36.9 million, a 7.8% increase compared to EUR 34.2 million a year ago. At constant exchange rates and on a like-for-like basis, revenues were down 6.4%. Recurring revenues decreased by EUR 0.5 million in the first quarter of 2014 compared to that of 2013. Recurring revenues totaled EUR 26.2 million, decreasing from 78% of first quarter revenues for 2013 to 71% for 2014.

The company anticipates that revenues for the first half of 2014 will remain at the same level as those of 2013 due to the decrease in order intakes recorded at the beginning of the year and the negative effect of the expected decrease of business in Savings and Insurance.