Axway Software – 3rd Quarter 2020: Continued growth thanks to dynamic Subscription activity and solid customer base
Axway Press Releases
PARIS - October 21, 2020 - In Q3 2020, Axway (Euronext: AXW.PA) continued to adapt with agility to the ongoing uncertain global health and economic environment. It quickly decided to maintain maximum flexibility in working methods until the end of the year and Axway's teams successfully adapted their practices to the constraints and restrictions imposed by the COVID-19 pandemic. The resilience of the new business model and the robustness of Axway's client portfolio enabled to accelerate the pace of organic revenue growth during the quarter.
- Q3 revenue of €72.8 million, with organic growth of 5.2%
- Subscription activity up organically by 69.7% offsetting the 25.7% decline in License revenue
- Signature metric up 45.2% for the quarter
- Further recognition of Axway's global leadership in API Management