Axway Software: Q3 2022 revenue of €67.5m, ARR up 6.6%
Axway Press Releases
- Annual Recurrent Revenue (ARR)1 of €191.1m, up 6.6% on end-September 2021
- Quarterly revenue down 3.3% overall and 10.7% organically
- Confirmed dynamism of Axway Managed subscription offerings
- Further recognition of Axway's global leadership in API management
During the first 9 months of the year, Axway (Euronext: AXW.PA) confirmed the ramp-up of its cloud-based subscription offerings. This trend, which impacts the Company's revenue compared to the previous year due to lower anticipated revenue recognition, did not prevent the total value of all subscription contracts signed (TCV) from increasing significantly over 9 months (+29%), despite the slippage of several large Customer Managed deals towards the end of the year.