Axway: down in the wake of its half-year results

(CercleFinance.com) - Axway is down by almost 3%, following the announcement of net income (group share) of 2.
8 million euros for the first half of 2024, compared with 3.7 million a year earlier, with operating margin down by 0.7 points to 11.5%.

The IT group posted sales of 148.7 million euros, up 2.2% (+1.9% organic), with subscription business in particular achieving sales of 93.2 million, up 18% organically.

For 2024, Axway confirms that it anticipates organic growth of between 1% and 3% and operating profit of around 20% of sales, objectives that are valid for the group's current structure.

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