AXWAY_REGISTRATION_DOCUMENT_2017
AXWAY GROUP AND ITS BUSINESS ACTIVITIES
CORPORATE RESPONSIBILITY
CORPORATE GOVERNANCE
CONSOLIDATED FINANCIAL STATEMENTS
2017 ANNUAL FINANCIAL STATEMENTS
CAPITAL AND AXWAY SOFTWARE STOCK
INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES
COMBINED GENERAL MEETING OFb6bJUNEb2018
Recent changes
Revenue by geographic zone
Q1 2018
Q1 2017 Reported Q1 2017 Restated
Total Growth Organic growth
1 st Quarter 2018 (€ million)
France
17.3 14.5 28.0
19.5 15.8 29.5
19.5 15.7 28.0
-11.2% -8.3% -5.1% -7.5% -7.7%
-11.2%
Rest of Europe
-7.5%
Americas
0.2% 1.6%
Asia/Pacific
3.4
3.6
3.3
1
Axway
63.2
68.5
66.5
-4.9%
Geographically, the Americas (USA & Latam) accounted for 44% of Axway's revenue in Q1 2018 with revenue of €28.0 million, stable compared to Q1 2017. For the second consecutive quarter, License sales were up (over 14% organic growth), bringing in their wake Maintenance operations that also increased. In the Rest of Europe zone, growth came from Cloud operations (over 15% organic growth), in a volume insufficient to offset the impact of the decrease in the License - Maintenance – Services revenue.
France, for its part, recorded an organic decline of 11.2%, mainly due to License and Services. Lastly, in Asia-Pacific, organic growth amounted to 1.6%, notably due to the growth of previously undeveloped Cloud activities. Despite heterogeneous situations in different countries, the increased interest of the Asian market in subscription models should be a medium-term driver.
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AXWAY - 2017 REGISTRATION DOCUMENT
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