Press release
Very significant improvement in
2020 half-year results
in €M | HY1 2020 | HY1 2019 | Variation |
Revenue | 20.0 | 18.8 | +1.1 |
Operating income | -0.1 | -3.4 | +3.3 |
Financial income | -0.3 | -0.3 | +0.0 |
Net income | -0.6 | -3.8 | +3.3 |
Paris, September 14, 2020
The combined effect of increased sales (+€1.1M and +6% over the six-month period, and +12% over the second quarter alone) and a substantial decrease in operating expenses (-€2.2M compared with 2019) allowed for a very significant improvement in operating income, almost breaking even for the first six months of the year (-€0.1M) when the first half of the year usually posts heavy losses (-€3.8M in 2019) due to the seasonal nature of sales.
The business portfolio grew and benefitted from the increasing contribution of promotion and sales agreements with major system-integration companies (led by IBM Global Services), management consulting firms (in particular BCG) and big independent software publishers such as Microsoft with the Azure partnership.
As at June 30, 2020, available cash was of €11.7M and the net cash position was at €6.4M. Accounts receivable amounted to €17.9M.
With the current uncertain macroeconomic climate calling for caution, the goal, more than ever, is for a profitable year of growth.
Upcoming: Revenue for the third quarter on November 2, 2020, after market closes
CAST is the pioneer and category leader in Software Intelligence, providing insight into the structural condition of software assets. CAST technology is renowned as the most accurate "MRI for Software," which delivers actionable insights into software composition, architectures, database structures, critical flaws, quality grades, cloud readiness levels and work effort metrics. It is used globally by thousands of forward-looking digital leaders to make objective decisions, accelerate modernization and raise the security and resiliency of mission-critical software.
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ISIN: FR0000072894 | CAST Headquarters | Alexandre REROLLE | AELIUM | ||||
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CAST SA published this content on 14 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 09:04:05 UTC