Business Wire
Axway: Q3 Group Revenue of €112.4m, with Organic Growth of 14.9%
Business Wire
14 min read

In This Article:

→ Strong Axway performance and immediate SBS impact, reaffirming Group’s full year targets
→ Successful launch of SBS integration, with first synergies and shared opportunities
→ Parent entity to centralize corporate functions & services for both Axway and SBS brands

PARIS, October 24, 2024--(BUSINESS WIRE)--Regulatory News:

While the company reached a historic milestone in its development by adding the strengths of SBS to those of Axway (Paris:AXW) only a few weeks ago, Q3 2024 proved to be a dynamic quarter for the new combined entity. Contributions to this performance have been positive from both Axway and SBS in its first month within the consolidation scope.

Since the completion of the transaction in early September, the companies have continued to operate autonomously. While the business teams have remained focused on their respective projects, several departments began to collaborate, marking the start of a new corporate project aiming to generate synergies from joint initiatives.

Buoyed by a dynamic third quarter, the new Group posted 9-month revenue of €261.1m, up 7.1% organically and 21.5% overall. While Q4 will, as usual, be the most important and challenging period of the year, the Group today confirms its annual targets for growth and profitability.

Over the quarter, several important developments have taken place:

  • On the Axway side, several deals were concluded with customers increasing their usage and upscaling their entitlements for the company’s core solutions. The MFT offering in particular stood out by repositioning itself as a benchmark in the North American market, thanks to repeated contract wins against the best-known competing solutions. In addition, Axway has, for the 9th time in its history in 2024, been named a leader in the Gartner® Magic Quadrant™ for API Management. At the same time, Axway's B2B e-invoicing offering also began to gain traction, with the French government approving Axway's PDP1 registration. Finally, Axway’s NPS reached 52 at the end of the quarter, continuing its steady improvement.

  • On the SBS side, milestone deals were signed in Q3 for 2 banks in the Benelux region to adopt new SBP Digital Core product, an innovative and future-oriented offering to migrate the banks onto SBS’ fully cloud-native, modular Core Banking Solution delivered in SaaS mode. This milestone confirms SBS‘ leadership position in the Benelux market as well as its ambition to become a pre-eminent player in the European next-generation Core Banking Systems market. Furthermore, another landmark deal was signed in France to migrate a bank onto a new regulatory reporting product offered by SBS through its SBP Regulatory & Reporting line. This deal highlights SBS clear leadership position in the French market for risk and regulatory reporting solutions. These achievements demonstrate the success of SBS in renovating its offerings and in delivering new technological solutions to the market in line with its strategy to gradually shift its product portfolio towards SaaS solutions and cloud technology.

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