Q4 20 was in the high range/or above guidance. On an organic basis, recurring software revenue increased by 9%, while the decrease in licences and other software revenue slowed further (-9% vs -11% in Q3 20). The non-IFRS operating margin (36% of revenue, +2.3pts) was above expectation thanks to a significant underlying improvement. The group gave positive guidance for 2021, of which recurring software revenue growth of 8-9%, licences growth of 13-15% and a further improvement in the non-IFRS op ....
04 Feb 2021
Q4 20 in the high range/or above guidance
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Q4 20 in the high range/or above guidance
- Published:
04 Feb 2021 -
Author:
Hélène Coumes -
Pages:
3
Q4 20 was in the high range/or above guidance. On an organic basis, recurring software revenue increased by 9%, while the decrease in licences and other software revenue slowed further (-9% vs -11% in Q3 20). The non-IFRS operating margin (36% of revenue, +2.3pts) was above expectation thanks to a significant underlying improvement. The group gave positive guidance for 2021, of which recurring software revenue growth of 8-9%, licences growth of 13-15% and a further improvement in the non-IFRS op ....