Axway: forecasts exceeded in 2023

(CercleFinance.com) - Axway reports better-than-expected preliminary annual results for fiscal year 2023, explaining that "the mix of Customer Managed contracts, which was higher than anticipated at the end of the year, led to an increase in revenue recognition".


The IT company now anticipates organic sales growth in excess of 5% for 2023, compared with 0 to 3% previously, and operating income representing over 19% of sales, compared with 15 to 18% previously.

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