Axway Software Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Axway Software (EPA:AXW) Full Year 2023 Results

Key Financial Results

• Revenue: €318.9m (up 1.6% from FY 2022).
• Net income: €35.8m (up from €40.0m loss in FY 2022).
• Profit margin: 11% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
• EPS: €1.71 (up from €1.85 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axway Software Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 8.7% growth forecast for the Software industry in France.

Performance of the French Software industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Axway Software that you should be aware of.

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