PARIS: In the 3rd quarter of 2016, the Prodware group generated €32.3m in revenue compared with €35.0m in 2015. On a comparable basis, revenue fell 4.4% over the quarter. SaaS (subscription) sales for the quarter totalled €4.0m, up 87.3% year on year.
At 30 September 2016, revenue totalled €116.8m versus €126.0m over the first nine months of 2015, a 7.3% decrease. On a comparable basis, the decrease was limited to 5.1%.
Since the beginning of the year, this change stemmed partly from the shift in sales towards SaaS mode. Which generates less revenue during the year but provides recurring sales over 3 to 5 years.
For the first nine months overall, SaaS (subscription) sales totalled €13.9m, up 43.3% from 2015. They now represent 11.9% of the Group’s revenue compared with 7.7% at 30 September 2015.
At 30 September 2016, direct sales of Edition totalled €40.3m (34.5% of revenue). In a particularly unfavourable environment in France, on a comparable basis, the French-speaking region saw an 7,6% decline in its sales to €59.6m versus €64.5m.
International revenue (49.0% of consolidated revenue) was down 2.4% at €57.2m, on a comparable basis.
