AXWAY_REGISTRATION_DOCUMENT_2017

AXWAY GROUP AND ITS BUSINESS ACTIVITIES Key figures

CORPORATE RESPONSIBILITY

CORPORATE GOVERNANCE

CONSOLIDATED FINANCIAL STATEMENTS

2017 ANNUAL FINANCIAL STATEMENTS

CAPITAL AND AXWAY SOFTWARE STOCK

INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES

COMBINED GENERAL MEETING OFb6bJUNEb2018

1.6.4 Comparison of the fiscal years ended 31bDecember 2017, 2016 and 2015

2017

2016

2015

(in thousands of euros)

Revenue Licenses

65,344 37,537 145,399 248,280

81,280 19,106 142,967 243,353

80,452 10,251 137,741 228,444

Cloud

Maintenance

Total Product Revenue

Services

51,565

57,725

56,168

Total revenue

299,845

301,077

284,612

Cost of sales Licenses and maintenance

23,846 21,069 43,315 88,230 211,615 83,817 59,381 27,888 40,528 13.5% -1,308 -8,543 30,678 10.2% -2,943 27,735 171,087

23,652 12,659 50,321 86,632 214,446 81,937 53,318 28,419 50,771 16.9% -1,089 -7,863 41,818 13.9% -6,738 35,080 163,674

23,150 12,557 50,653 86,360 198,252

Cloud

Services

Total cost of sales

Gross profit

Operating expenses Sales and marketing

81,876 46,025 25,855

Research & Development costs General and administrative costs Total operating expenses Profit on operating activities

153,756

44,496 15.6%

As % of revenue

Expenses related to stock options

-550

Amortisation of intangible assets acquired

-6,044 37,902 13.3% -10,493 27,409 -1,653

Profit from recurring operations

As % of revenue

Other income and expenses

Operating profit

Financial income and expense

691

141

Tax expense

-24,021

-3,745 31,477

2,101

Consolidated net income

4,405

27,856

28

AXWAY - 2017 REGISTRATION DOCUMENT

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