EQS-News

Fabasoft AG: Fabasoft remains on course for growth - Seite 2

 

Highest R&D intensity in Austria with investments in new AI applications

A recent EY study published at the end of November 2023 identified Fabasoft as the software company with the highest R&D intensity in Austria, with R&D investments amounting to 31% of revenue. The investment focus is particularly on user-oriented AI applications in the powerful software solutions for document-intensive business processes in the Fabasoft PROCECO Ecosystem. AI-based functionalities open up completely new opportunities for users to exploit the potential of their data. The interaction between Mindbreeze InSpire and Large Language Models takes the understanding of natural language to an unprecedented level.

 

Recurring revenues continue to develop positively

As an important key performance indicator for software companies, the recurring revenue continued to develop positively in the first nine months of 2023/2024. At around EUR 32.0 million (previous year: EUR 26.7 million), they already account for more than half of total revenue. However, the positive sales trend is also due to the growth in project business over the entire reporting period as well as high license revenue from one-off licenses in the third quarter of 2023/2024.

"The Fabasoft Group continues to perform well thanks to its excellent strategic orientation, but we remain cautious in our assessment of future developments due to the challenging macroeconomic conditions in our core markets. The biggest task at the moment is to manage the risks of short-term volatility while consistently leveraging the growth potential of digitization", comments CEO Dipl.-Ing. Helmut Fallmann on the consequences of the current economic situation.

 

As at 31 December 2023, the company employed 493 people, an increase of around 10% compared to the previous year.

 

The full 9-month report 2023/2024 is available under the following link:

German (PDF): https://www.fabasoft.com/group/Fabasoft_AG_9_Monatsbericht_2023_2024.p ...

English (PDF): https://www.fabasoft.com/group/Fabasoft_AG_9_Monthsreport_2023_2024.pd ...