France · Delayed Price · Currency is EUR 74Software Earnings Call Transcripts
Fiscal Year 2025
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Strong 2025 results with revenue, margin, and cash flow at or above guidance, driven by recurring revenue growth, AI investments, and improved customer and employee metrics. 2026 guidance raised for organic growth and margins, with continued deleveraging and share buybacks planned.
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H1 2025 saw $344M revenue (+6.5% organic), margin and ARR growth, and a net profit turnaround. Guidance for 2025 is $700M revenue, 14–16% operating margin, and >10% free cash flow, with leverage below 2x and M&A resuming in 2026.
Fiscal Year 2024
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The newly combined entity delivered strong 2024 results, with EUR 690 million revenue and 5.6% organic growth, exceeding profitability and cash flow guidance. 2025 targets include EUR 700 million revenue, 14–16% operating margin, and further deleveraging, supported by robust pipelines and ongoing SaaS transformation.
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Q3 2024 saw strong revenue growth and successful initial integration of Axway and SBS, with the combined group rebranding as 74Software. Guidance remains on track for EUR 700 million revenue in 2025, 2-4% organic growth, and rapid deleveraging, despite some deal timing delays in banking.
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H1 2024 saw 1.9% organic revenue growth, 18% subscription growth, and stable profitability, with strong momentum in MFT and API management. Customer satisfaction improved, and the Sopra Banking Software acquisition is on track, supported by robust financing and pipeline.