Estimated reading time: 0 minutes, 46 seconds

PRODWARE HALF REVS OFF Featured

prodwareRevenue for France-based reseller Prodware dropped by 7.3 percent as SaaS sales rose sharply for the first half ended June 30. First-half revenue reached about $93 million, down 5.5 percent on a comparable basis. The company did not report earnings—those will be issued later. The company said SaaS revenue was up 31 percent over last year's corresponding period while infrastructure sales were off by 33 percent.

In its revenue report, Prodware said, the decrease in business, is directly "related to its growing integration into SaaS, which is much more profitable in the medium/long term." Prodware noted that SaaS sales will ensure consistent recurring revenue over the next three to five years. Business was difficult in France during the recently ended period because of repeated strikes and floods. Revenue in Spain, Israel and Great Britain continued momentum, Prodware said. Germany and Benelux says a drop in revenue because of the growth in SaaS sales. The publishing business produced 34 percent of sales.

Read 1558 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.