PARIS--(BUSINESS WIRE)--Regulatory News:
Prodware (Paris:ALPRO) :
(*) Comparable basis: adjusted to account for non-strategic businesses diveste d during the previous financial year
Analysis of Q4 activity:
Prodware generated revenue of €59.2m in Q4 2016, an increase of 6.1% versus €55.8m in Q4 2015.
On a comparable basis, quarterly activity was up 8.9%. Saas sales over the period rose 57.43%, to €4.6m.
Prodware's revenue in 2016 stands at €176m, versus €181.8m in 2015. This
represents a fall of 3.2%. Revenue remained basically stable on a
comparable basis, nudging down just 0.8%.
The change in the sales model to Saas explains this slight drop in revenue. The Saas model leads to much lower immediate revenue, but will contribute to recurring revenue.
Sales in Saas rose from €12.6m in 2015 to €18.5m in 2016 (a 46.6% increase) and now represent a little over 10% of overall revenue, versus 7% in 2015.
Publishing revenue totaled €61.5m in 2016, representing 34.9% of the overall revenue. On a comparable basis, this is a 1.2% increase compared with 2015.
Revenue in the French-speaking zone fell 3.2% in 2016, to €77.4m. Revenue in the international zone totaled €98.5m, up 2.9% versus 2015. This represents 56% of the Group's activity, versus 52.7% in 2015.
Prodware is pursuing its transformation plan, which is driving the
progressive evolution of its high value-added offer toward technology
consulting and the implementation of an IT system, underpinned by
The Group is continuing its efforts to address the most profitable market segments as a priority, through an economic model that is increasingly oriented toward recurring services with high value-added and publishing, with a focus on digital.
Next publication: 2016 Annual Results: Wednesday, March 15, 2017 after close of trading.
Founded in 1989, Prodware (www.prodware.fr)
is an international group specializing in publishing/integration and
hosting management solutions for businesses.
Prodware is Microsoft’s premier partner in the EMEA region and has nearly 1,250 employees supporting 20,000 customers in 14 countries.
Armed with a powerful R&D structure, unique expertise in industrializing best practices and top-notch strategic alliances, the group aims to deploy its Prodware Adjust solution worldwide.
Prodware is a corporate citizen and supports its customers in their sustainable development approach with its range of GreenITude services (www.greenitude.fr). Prodware is one of the top companies in the Gaia Index.
Prodware is a company eligible for FCPI (innovation funds), SRI funds and SME PEA (equity savings plan) and is part of the EnterNext PEA-PME 150 index.
ISIN FR0010313486 - ALPRO - FTSE 972 IT services
Prodware is FCPI eligible - A responsible company, Prodware
is a member of the Global Compact.