Prodware Increase of 2018 revenues: €175.9 M (+4.9%)
Variation on a
(*) On a like-for-like basis: restated for acquisitions and non-strategic activities sold
Activity in the 4th quarter: Increase of subscription sales (SaaS)
In the 4th quarter of 2018, Prodware generated revenues of € 52.7 million compared to € 46.8 million in the final quarter of 2017, up 12.6%. On a like-for-like basis, quarterly business was up 10.7%.
The increase in sales is mainly due to:
- the strong acceleration of subscription sales (SaaS) in the fourth quarter (+ 45.9%), generating recurring activity and higher margins,
- the rebound in sales in the Benelux (+ 23.6%) thanks in particular to incremental revenue related to the integration of Microsoft Dynamics activities acquired from CTAC in the Netherlands.
Growth in international sales in 2018