Linedata reported unaudited revenue results for the second quarter and first half of 2017. For the period, the company reported total revenues of EUR 90.6 million compared to EUR 83.1 million a year ago. Recurring revenues totaled EUR 65.4 million and represented 72% of overall business in the first half of 2017. In absolute terms, recurring revenues increased by 5.2 million over the first half of 2016.

For second quarter of 2017, the company posted EUR 44.9 million in revenues, up 4.6% compared with the second quarter of 2016.

The company anticipates lower first half-year earnings due to the cumulative effects of negative organic growth, a higher relative weight of Services (Gravitas) revenues at lower margin, and, as announced, steady product investment efforts.