Axway (Euronext: AXW.PA) recorded a very strong start to 2023 during the first 3 months of the year. Following the exceptional performance achieved in Q4 2022, the company once again outperformed expectations in terms of revenue in Q1. Over the period, the company's activity grew strongly thanks to further acceleration of its subscription-based offerings, which in all their forms continue to convince numerous customers around the world.
- Annual Recurrent Revenue (ARR)1 of €196.8m, up 12.3% on end-March 2022
- Quarterly revenue up 10.3% organically and 7.3% overall
- Very strong growth in revenue from the Subscription activity over the quarter (+53.1%)
- Acquisition of the Belgian company AdValvas specialized in electronic invoicing