Gold prices slip as stronger dollar, Fed rate uncertainty weigh
Investing.com -- 74Software SA shares rose 3.5% after the company reported third-quarter revenue of €172.8 million, representing 6.3% organic growth compared to the same period last year.
The quarterly performance exceeded market expectations, driven by strong results from the company’s Axway division, which grew 8.8%, and SBS division, which increased 4.7%. Recurring revenue grew 9% year-over-year and now accounts for 75% of the company’s total revenue.
Axway’s outperformance was attributed to strength in cloud and API subscriptions, while SBS maintained steady growth with a rebound in license sales and strong performance in Africa. The services segment declined 5% on a like-for-like basis due to the ongoing shift toward Software-as-a-Service (SaaS) offerings.
Following the positive results, 74Software SA raised its full-year 2025 organic growth forecast to approximately 4%, which represents the top end of its previous guidance range. The company maintained its margin guidance at 14-16%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.