Axway Software - 1st Quarter 2021: Further Acceleration of Subscription
1 of 7.5%
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Regulatory News:
In Q1 2021, despite a global health and economic context that remained uncertain, Axway s (Euronext: AXW.PA) business greatly accelerated compared to the previous year. While the quarter enabled the company to initiate internal reorganisations useful to its new strategic projections, it was above all a period of significant commercial momentum. In line with the company s ambitions and market trends, the Subscription business continued to grow at a very strong pace.
In line with 2020, a significant portion of business in Q1 2021 stemmed from Axway s broad existing customer base, but there was also a marked improvement in the acquisition of new logos. This was particularly true for the Amplify platform, which was adopted by three times as many customers in Q1 2021 as in the previous year over the same period.
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