Netgem SA reported consolidated revenue results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was €19.7 million against €23.3 million a year ago.

For the nine months, the company's revenue was €58.8 million against €60.6 million a year ago.

The company expects positive growth of its gross profit and results on a full year basis, reflecting the growing positive impact of the SaaS business model and the streamlining of its B2C business.