Financial Information

2019 Q3 Year-to-Date Update

Year-to-Date, Jan – Sep 2019

  • License revenue amounted to SKr 1,081 million (YTD '18: SKr 736 million), an increase of 47 percent (40 percent in constant currency).
  • Maintenance revenue was SKr 1,394 million (YTD '18: SKr 1,205 million), an improvement of 16 percent (11 percent in constant currency).
  • Consulting revenue amounted to SKr 1,592 million (YTD '18: SKr 1,351 million), an increase of 18 percent (13 percent in constant currency).
  • Net revenue totaled SKr 4,558 million (YTD '18: SKr 3,713 million), an improvement of 23 percent (17 percent in constant currency).
  • Adjusted EBITDA was SKr 1,001 million (YTD '18: SKr 707 million), an improvement of 41 percent (38 percent in constant currency).

Q3 2019 Press Release

The success of our business transformation is apparent as Q3 now marks our sixth straight quarter of growth above 20 percent. Over the last 18 months, we’ve gone from being a fragmented global business to a fast-growing organization operating globally at scale. All the while, we’ve never lost sight of our commitment to providing the best experience for our customers, which remains our guiding principle.

Our topline growth does not come from extracting revenue from our installed base through tactics like compliance audits. On the contrary, we are winning half of our license revenues from new customers. I believe this speaks volumes about our ability to beat the larger legacy vendors with a proposition that offers what the others don’t: choice and a focus on real customer value.

Darren Roos

Investor Contacts

Chiara Lattuada

Phone: +44 7463 350454

Contact Chiara Lattuada