Prodware Reports Unaudited Revenue Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for 2018
February 22, 2018 at 12:31 pm EST
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Prodware reported unaudited revenue results for the fourth quarter and year ended December 31, 2017. For the year, the company reported revenues of €167.7 million against €175.8 million a year ago.
For the fourth quarter, the company reported revenues of €46.8 million against €59.1 million a year ago.
Due to its repositioning in the most profitable markets, the growth of recurring services with strong added value centering around the digital market, and the finalization of its reorganization, the Group anticipates growth of its margin and of its net result for the 2017 financial year. In addition, the gradual launch of new offers produced by Prodware in SaaS mode should generate incremental revenues from the second quarter 2018 on.
Prodware specializes in publishing and integrating management software. With a strong R & D structure, an unparalleled expertise in best practices industrialization and top-notch strategic alliances, the group's ambition is to deploy its Prodware Adjust product range worldwide. The group's activity is organized around 3 areas:
- publishing and integration of management software: software for accounting management, human resources, customer relations, pay stubs, production, etc.;
- design, engineering and deployment of decisional information systems: data operating and analysis applications, internal management process control and modeling systems (customer relations and human resources management, management control etc.), etc.;
- design and implementation of network applications and securitization: supply of network systems, server installation and hosting, installation of security software (antivirus, anti-intrusion etc.).
As Microsoft's first partner in the EMEA region, and the main Sage partner in French-speaking countries, Prodware employs more than 1,400 employees serving more than 15,000 customers in 15 countries.
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