August 30, 2017 / 4:13 PM / 2 months ago

BRIEF-Axway Software H1 net profit group share falls to 2.6 million euros

Aug 30 (Reuters) - AXWAY SOFTWARE SA:

* H1 NET PROFIT GROUP SHARE EUR 2.6 MILLION VERSUS EUR 11.0 MILLION YEAR AGO

* H1 PROFIT ON OPERATING ACTIVITIES EUR 6.0 MILLION VERSUS EUR 16.3 MILLION YEAR AGO

* ANALYSIS OF COMMERCIAL PORTFOLIO (PIPELINE) LEADS TO CONCLUSION LICENSE DELAY RECORDED IN H1 CANNOT BE RECOVERED BY END OF YEAR

* CONFIDENT OF ITS ABILITY TO ACHIEVE SAME LEVEL OF LICENSES IN H2 AS IN 2016

* AIMS TO STABILIZE GLOBAL REVENUE (IN ORGANIC GROWTH) OVER WHOLE OF 2017

* COST-SAVING PLAN ON H2 SHOULD ENABLE CO TO ACHIVE ROA OF MORE THAN 13% OF THE ANNUAL INCOME Source text : bit.ly/2wTbH4m Further company coverage: (Gdynia Newsroom)

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