Prodware Reports Non-Audited Consolidated Revenue Results for the Second Quarter and Six Months of 2017; Provides Group Earnings Guidance for 2017
July 12, 2017 at 12:00 pm EDT
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Prodware reported non-audited consolidated revenue results for the second quarter and six months of 2017. After a 1.8% increase in revenue in first quarter of 2017, the company accelerated its growth in second quarter of 2017 with €43.9 million in revenue, an increase of +4.4% (increase of 2.8% on a comparable basis given the acquisition of Nerea in March 2017) compared to second quarter of 2016. This performance is driven by the group's two strategic segments: Saas subscription sales (increased 23.9% at €8.3 million) which confirms the change to the group's sales model towards recurring revenue and high value-added publishing (increase of 5.1% at €14.7 million).
Over first half of 2017, the company's consolidated revenue totaled €87.2 million, up 3.1% (increase of 2.3% on a comparable basis). This trend was driven by a 26% increase in Saas sales and a 3.2% rise in publishing.
With its successful development strategy focused on the most profitable markets, the group confirms its profitable growth throughout the 2017 financial year.
Prodware specializes in publishing and integrating management software. With a strong R & D structure, an unparalleled expertise in best practices industrialization and top-notch strategic alliances, the group's ambition is to deploy its Prodware Adjust product range worldwide. The group's activity is organized around 3 areas:
- publishing and integration of management software: software for accounting management, human resources, customer relations, pay stubs, production, etc.;
- design, engineering and deployment of decisional information systems: data operating and analysis applications, internal management process control and modeling systems (customer relations and human resources management, management control etc.), etc.;
- design and implementation of network applications and securitization: supply of network systems, server installation and hosting, installation of security software (antivirus, anti-intrusion etc.).
As Microsoft's first partner in the EMEA region, and the main Sage partner in French-speaking countries, Prodware employs more than 1,400 employees serving more than 15,000 customers in 15 countries.
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