- Strong organic growth in License sales (+17.5%), acceleration in Subscription activity (+9.3%)
- Annual Contract Value (ACV) of new Subscription contracts up substantially (+81.8%)
- Significant improvement in the Signature metric (+40.5%)
In the third quarter of 2018, Axway (Euronext: AXW.PA) continued to accelerate its strategic transformation and several positive signals confirmed the progressive evolution of its business model towards Subscription offers. To better meet the needs and new usage patterns of its 11,000 customers worldwide, the Group launched several key products on its AMPLIFY™ hybrid integration platform during the period. This enrichment of the offer portfolio will continue in the coming semesters.
The efforts made in terms of Research & Development have paved the way for some pivotal deals, contributing structurally to the evolution of Axway’s business mix. For example, the Group was able to sign the first sales of its AMPLIFY™ MFT via a Subscription offer and won several contracts involving AMPLIFY™ API Management.
These new projects, backed by the resilience of the historical License model, confirm the consistency and viability of Axway's strategy for gradually establishing itself as a market leader in hybrid integration platforms by the end of 2020.