Toulouse, IGE+XAO Group announces:
Consolidated turnover for 3rd quarter 2021 (in IFRS norms).
(Period from 1 January 2021 to 30 September 2021).
Consolidated turnover for the 3rd quarter is 8,180,491 euros, up 1.1% compared to the previous year. Over this period, growth was affected by the acceleration in the transformation of the Group’s marketing model, with subscription turnover up 28% which now represents 15% of total turnover, while perpetual licence sales declined 9%. Moreover, service activities continued to drop over the summer period, a trend that should reverse itself in the upcoming months.
Over the first 9 months of the financial period, activity is up 8.40%. This good trend is found in France as well as abroad and in all the Group’s market segments.
From an R&D and product standpoint, activity is highly dynamic in terms of the existing offer as well as the development of new solutions, in particular in the Cloud and PLM (Product Life Cycle Management) fields.
Backed with these results and solid fundamentals, the Group confirms its action plan aiming to accelerate its commercial activities and R&D, while still maintaining a high level of profitability.