Alfa Financial Software Holdings PLC reported revenue results for the first quarter ended March 31, 2024. For the quarter, the revenue of £26 million was down 2% on a constant currency basis versus a very strong quarter last year. This was due to lower services revenues as new projects ramp up and lower software revenues as the company has focused on investing and delivering Alfa Systems 6 functionality.

Subscription revenue has continued to show strong mid-teens percentage growth.